Edmonton Condo Real Estate Market September 2026

Average List Price Edmonton Condos

Average Edmonton Condo Asking Price Falls to $226,000

The average asking price for an Edmonton condo was $226,000 in September 2026, representing a 3.93% decrease compared with September 2025.

This decline suggests that sellers are adjusting their expectations as the market becomes more competitive.

Asking prices provide valuable insight into seller expectations, but they don't necessarily reflect what properties are ultimately worth. Buyers determine market value through the offers they're willing to make and the prices sellers are prepared to accept.

For condo owners considering selling, it's particularly important to evaluate comparable properties within the same building or neighbourhood.

Unlike detached homes, apartment-style condo values can be influenced heavily by building-specific factors.

These include:

• Condominium fees and what they include
• Reserve fund planning and financial health
• Building age and maintenance history
• Recent renovations and interior condition
• Underground or assigned parking
• In-suite laundry and storage
• Floor location, balcony and views
• Building amenities and location

Two similarly sized condos in the same Edmonton neighbourhood can sell for substantially different prices depending on these characteristics.

The key to successful pricing is understanding how your property compares with what buyers can currently purchase.

Edmonton Condo Sales

Edmonton Condo Sales Decline 23.08% in September

Edmonton recorded 220 firm condo sales in September 2026, compared with 286 during September 2025. This represents a 23.08% decline in sales activity.

This continues a trend that has been developing throughout 2026, with condominium sales consistently trailing last year's numbers.

The monthly sales comparison in September's report illustrates just how significant the difference has become. In April, 293 firm sales were recorded, followed by 310 in May, 326 in June, 322 in July, 260 in August and 220 in September.

Although the number of transactions has decreased, this doesn't necessarily mean that buyers have disappeared from the market. Instead, purchasing activity has slowed, and buyers appear to be taking more time to evaluate their options.

For buyers, this can create opportunities to negotiate and compare properties without the same level of urgency experienced during stronger market conditions.

For sellers, however, fewer transactions mean more competition for the buyers who are actively searching.

What does this mean for Edmonton condo owners?

Selling a condo in today's market requires a more deliberate strategy. Accurate pricing, professional marketing and understanding competing inventory are increasingly important.

A condo that might have attracted immediate interest during a stronger market may now require additional time and exposure to find the right buyer.

Edmonton Average Condo Sale Price

Average Edmonton Condo Sale Price Holds Steady at $202,000

Despite fewer transactions, the average sale price for an Edmonton condo reached $202,000 in September, representing a 0.36% increase compared with September 2025.

This is one of the most interesting statistics in September's report.

While firm sales declined by more than 23%, the average sale price was slightly higher than last year.

That suggests the reduction in sales activity has not resulted in a comparable decline in average selling prices.

The monthly sales-price graph also provides useful perspective. Edmonton condo prices have fluctuated throughout 2026, with several stronger months followed by adjustments. September's average of $202,000 sits below some of the higher monthly averages recorded earlier in the year, but remains slightly above September 2025.

For homeowners, this demonstrates that the market has retained considerable price stability despite slower transaction volume.

However, average sale prices should never be interpreted as a guarantee that every condo has maintained its value. The types, locations and conditions of properties selling in any particular month can influence the average.

A building-specific market evaluation remains the best way to understand an individual condo's current value.

Edmonton Condo Ask-to-Sell Ratio Reaches 95.9%

The average ask-to-sell ratio for September was 0.959, meaning condos sold for approximately 95.9% of their asking price.

This represents a slight decrease from September 2025.

The ratio suggests that buyers have some negotiating room, although it doesn't mean every property will sell for the same percentage below its asking price.

Well-priced condos in desirable buildings may still attract strong offers, while properties requiring updates or carrying higher ownership costs may experience greater price negotiations.

For sellers, this reinforces the importance of understanding recent comparable sales rather than relying exclusively on current asking prices.

For buyers, the ratio provides a useful benchmark, but each offer should be based on the individual property and its market position.

Average Days on Market

Edmonton Condos Take an Average of 56 Days to Sell

The average days on market was 56 days in September 2026, representing a 12% increase compared with September 2025.

This indicates that condos are taking longer to sell than they did a year ago.

For sellers, this is an important consideration when planning a move.

If you're purchasing another property, relocating or downsizing, allowing sufficient time for your current condo to sell can help avoid unnecessary pressure.

Longer selling times also reinforce the importance of launching a listing with the right price and marketing strategy.

The first few weeks on the market are particularly valuable because that's when a new listing receives attention from buyers who have been waiting for suitable properties.

Overpricing during that initial period can result in missed opportunities.

For buyers, longer selling times may provide additional negotiating flexibility, especially when a property has been available for an extended period.

Edmonton Condo Market Year-to-Date Comparison – 2026 vs. 2025

The year-to-date statistics provide an even clearer picture of how Edmonton's condominium market has changed throughout 2026.

Metric	2026 YTD	2025 YTD	% Change
Firm Sales	2,420	3,080	-21.43%
Average Asking Price	$231,000	$237,000	-2.19%
New Listings	5,320	5,580	-4.73%
Days on Market	55.4	47.3	+17.14%
Average Sale Price	$209,000	$209,000	+0.12%
Ask-to-Sell Ratio	96.0%	96.7%	-0.75%

YTD values are displayed using the rounded figures and percentage changes supplied in the September report.

What Do the YTD Numbers Tell Us?

The most significant takeaway is that Edmonton condo sales are down 21.43% year-to-date, while the average sale price has increased slightly by 0.12%.

This tells us that the slowdown in transaction volume has been considerably more pronounced than any change in average selling prices.

New listings have also declined by 4.73%, although not nearly as dramatically as sales.

Meanwhile, average days on market have increased by 17.14%, indicating that properties are taking longer to sell.

The overall picture is a condominium market where buyers are more selective, sellers face longer selling timelines and average property values have remained relatively stable.

What Does September's Edmonton Condo Market Mean for Buyers?

For buyers considering purchasing an apartment-style condo in Edmonton, September's market conditions may provide some advantages.

With sales activity down substantially and properties taking longer to sell, buyers may have more time to compare available units and evaluate their options.

This can be particularly beneficial for first-time home buyers who want to understand the financial responsibilities associated with condominium ownership.

When purchasing a condo, it's important to look beyond the purchase price.

Condo fees, property taxes, insurance, utilities and potential future building expenses all contribute to the overall cost of ownership.

Buyers should also carefully review condominium documents, including financial statements, reserve fund information, meeting minutes, bylaws and information about any planned major repairs or special assessments.

A lower purchase price doesn't necessarily represent better value if the condominium corporation is facing significant financial challenges.

The goal should be to find a property that offers the right combination of location, condition, affordability and long-term suitability.

What Does September's Market Mean for Edmonton Condo Sellers?

For sellers, the September statistics reinforce the importance of preparation.

With sales down more than 23% year-over-year, simply listing a condo and waiting for buyers may not be enough.

A successful selling strategy should begin with a detailed evaluation of comparable properties.

Recent sales within the same building are often particularly useful because they provide insight into what buyers are actually willing to pay for similar units.

Professional photography, accurate listing descriptions and highlighting desirable features can also help a property stand out.

Features such as underground parking, in-suite laundry, air conditioning, balconies, storage lockers, updated interiors and attractive building amenities can all influence buyer interest.

Sellers should also consider preparing condominium documents early so potential purchasers can review the information efficiently.

In a market where buyers have more time and options, reducing uncertainty can make a property more appealing.

Are Edmonton Condos Still a Good Investment in 2026?

Edmonton apartment condos continue to attract attention from investors because they can offer a lower purchase price than many other residential property types.

However, the current market requires careful analysis.

Stable average sale prices don't automatically guarantee strong investment returns.

Potential investors should evaluate realistic rental income alongside mortgage payments, condo fees, property taxes, insurance, maintenance, vacancy allowances and future capital expenses.

The condominium corporation's financial health is particularly important.

A property that appears affordable at first glance may become substantially more expensive if the building requires major repairs or issues a special assessment.

Investors should also consider location, rental demand, building restrictions and the property's potential resale appeal.

The strongest investment decisions are based on detailed financial analysis rather than purchase price alone.

Edmonton Condo Market Outlook for Fall 2026

As Edmonton moves further into the fall real estate season, the condo market appears likely to remain competitive for sellers.

Sales activity has been consistently below 2025 levels, while average selling times have increased.

At the same time, average condo prices have demonstrated considerable stability throughout the year.

If buyer activity remains subdued, sellers may need to continue adjusting pricing expectations to attract offers.

However, the reduction in new listings could help limit additional competition.

The coming months will be particularly interesting as we watch whether sales activity stabilizes and whether average prices continue to hold near current levels.

For now, the September numbers suggest that buyers have gained negotiating flexibility while sellers need to approach the market with realistic expectations.

Thinking About Buying or Selling an Edmonton Condo?

Whether you're considering selling your current condo, purchasing your first home, downsizing or investing in Edmonton real estate, understanding the local market is an important first step.

City-wide averages provide useful insight, but they can't tell you exactly what your individual condo is worth.

As an Edmonton REALTOR® with Century 21 Leading, I can help you evaluate recent comparable sales, understand current market conditions and develop a strategy based on your specific property and goals.

Call or text Chris Reid at (780) 717-5267 or visit chrisreidedmonton.com.

Let's discuss what September's Edmonton condo market means for your next move.

Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information. 

Are you considering buying or selling or just interested in more information on the condo real estate market in Edmonton? CONTACT ME HERE 

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