Edmonton Real Estate Market Update – September 2026

The Edmonton real estate market in September 2026 continued to show the characteristics of a more balanced housing market. Sales remain below last year's levels, buyers have more negotiating room, and homes are generally taking longer to sell than they did in 2025. At the same time, Edmonton home prices continue to demonstrate resilience.

Approximately 1,320 homes sold in Edmonton during September, down 10.98% from September 2025. Despite fewer transactions, the average sale price reached $438,000, which was 1.22% higher than a year ago. Edmonton Edmonton

That's an important distinction.

The Edmonton housing market has unquestionably slowed from last year's pace, but lower transaction volume has not translated into a broad decline in average prices.

In fact, through the first nine months of 2026, the average Edmonton sale price remains 2.76% higher than it was during the same period of 2025. Edmonton

For buyers, that means more time and negotiating flexibility.

For sellers, it means Edmonton real estate values remain relatively strong, but pricing and marketing have become much more important.

Here's what September's numbers tell us.

Edmonton Real Estate Market Snapshot – September 2026

September therefore brought fewer sales but more new listings than last year, while the average selling price remained higher. Edmonton

   

Below Graphs Are Interactive.

Edmonton New MLS® Listings

New Listings Rise 3.72%

Approximately 2,900 new listings entered the Edmonton market during September, a 3.72% increase over September 2025. Edmonton

Year-to-date, Edmonton has recorded approximately 26,100 new listings, compared with 25,800 last year, an increase of 1.25%.

This combination is important.

Sales are down 15.20% YTD while new listings are up 1.25%.

That means buyers are generally seeing more choice relative to the number of transactions taking place.

This can result in buyers becoming more selective.

Instead of feeling pressure to purchase the first suitable home they see, buyers may have several competing properties to consider.

For sellers, this means your home isn't being evaluated in isolation.

Buyers are comparing your:

• Price
• Condition
• Location
• Updates
• Photography
• Layout
• Lot
• Overall value

against every competing property in the same price range.

Average List Price Edmonton Real Estate Market

Average Asking Price – Seller Expectations Remain Stable

The average asking price in September was $485,000, up a modest 0.26% compared with September 2025. Edmonton

Year-to-date, Edmonton's average asking price is approximately $479,000, compared with $480,000 last year, a decline of only 0.27%.

Essentially, seller asking prices have been flat.

What's interesting is that the YTD average sale price has increased 2.76% while the average asking price has remained almost unchanged.

That illustrates why we shouldn't interpret asking-price statistics as a direct measure of property appreciation.

The types of homes being listed and sold change from month to month, and sellers may also be responding to more balanced conditions by setting more realistic initial prices.

For homeowners preparing to list this fall, the takeaway is straightforward: price according to the current market—not according to what you hoped your home might have sold for during the hottest part of 2025.

Today's buyers have more options and more time to compare properties.

Home Sales In The Edmonton Real Estate Market

Edmonton Home Sales – September Sales Down 10.98%

Approximately 1,320 Edmonton properties sold during September 2026, compared with approximately 1,490 in September 2025, a decline of 10.98%. Edmonton

That continues a pattern we've been watching throughout 2026.

The monthly sales chart on the September report shows that current-year sales remained below prior-year levels throughout the spring and summer. September continued that trend, although the year-over-year gap was smaller than the declines recorded during several earlier months. Edmonton

Year-to-date, approximately 13,000 Edmonton properties have sold, compared with 15,300 during the first nine months of 2025.

That's a substantial 15.20% decrease in sales activity. Edmonton

What does that actually mean?

It means buyers are still purchasing homes—thousands of properties continue to change hands—but there are fewer buyers competing for those homes than there were during the stronger 2025 market.

For sellers, fewer transactions make it increasingly important to position a property correctly from the beginning.

For buyers, lower sales volume can create an opportunity to take a little more time, compare available properties and negotiate when appropriate.

Edmonton Average Home Sale Price 

Average Edmonton Sale Price – $438,000

The average Edmonton sale price was $438,000 in September 2026, representing a 1.22% increase compared with September 2025, when the average was approximately $433,000. Edmonton

This is particularly interesting when considered alongside the decline in sales.

Edmonton recorded nearly 11% fewer transactions than last September, yet buyers still paid more on average for the properties that sold.

The year-to-date numbers reinforce this trend.

Through September, Edmonton's average sale price is approximately $446,000, compared with $434,000 during the same period in 2025.

That's a 2.76% year-over-year increase. Edmonton

The sales-price graph on page one also shows the broader trend. Average selling prices climbed from the high-$300,000 range in early 2024 into the mid-$400,000 range during 2026. After reaching higher levels during the spring, prices moderated through the summer, with September settling at $438,000. Edmonton

That doesn't mean every Edmonton home has appreciated by 2.76%.

The citywide average is influenced by the mix of properties sold, including detached homes, townhouses, condos and higher-end properties.

For homeowners considering selling, the best way to understand current value is still to look at recent comparable sales in the specific neighbourhood and property category.

Ask-to-Sell Ratio – Buyers Continue to Negotiate

The average ask-to-sell ratio was 0.973 in September, meaning homes sold for approximately 97.3% of their asking price on average. Edmonton

That's down 0.82% year-over-year.

Year-to-date, the ratio is 0.978, compared with 0.988 in 2025, a decline of 1.07%.

This may seem like a relatively small change, but even a one-percentage-point difference becomes meaningful as property prices increase.

On a $500,000 property, one percentage point equals $5,000.

The lower ratio reinforces what we're seeing elsewhere in the September statistics: buyers have regained some negotiating power.

That doesn't mean every property should receive an offer substantially below asking price.

Well-priced homes in desirable neighbourhoods can still attract strong interest.

But the days of assuming every property will automatically sell at or above asking price are behind us, at least for the broader market.

Days on Market – A Noticeable Improvement From Summer

One of September's most interesting statistics is days on market.

Edmonton homes took an average of 48 days to sell in September 2026, which was 11.63% longer than September 2025. Edmonton

However, September's 48-day average is considerably better than the summer numbers we saw in your previous reports.

August averaged 66 days and July averaged 62 days.

So while homes are still taking longer to sell than they did last year, September's market moved considerably faster than it did during the summer.

The YTD figure in the September report is 45.2 days, compared with 37.7 days in 2025, an increase of 20.06%. Edmonton

For sellers, this is encouraging.

It suggests appropriately positioned properties can still attract buyers relatively quickly.

But expectations need to reflect today's market. A home not selling during its first weekend isn't necessarily a problem.

The important question is how buyers are responding.

If a listing is receiving strong showing activity but no offers, price or condition may need to be reviewed. If showings are limited from the beginning, the pricing and marketing strategy deserves a closer look.

Looking to buy or sell in Edmonton? CONTACT CHRIS REID

City of Edmonton Website