Sales rebound in February as housing activity gains momentum
Edmonton, AB – March 2, 2026 — The Greater Edmonton Area (GEA) real estate market reported 1,606 sales in February 2026, which marks an increase of 39.7% compared to activity in January and a decrease of 11.5% from February 2025. There were 3,020 new listings — a month-over-month increase of 23.6% and a year-over-year increase of 15.4%. Inventory levels rose 11.4% from the previous month and are 34.6% higher than February 2025.
Average selling price across all residential property types increased by 1.4% from the previous month to $454,801, which is 1.5% higher than February 2025. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $419,600, increasing 0.9% from January 2026 and decreasing 2.1% year-over-year.
“In February, more than any groundhog, the Greater Edmonton Area property market gave us a sure sign that spring is on its way. Signs of life and activity heating up are consistent across almost all property types, with the exception of condos where prices adjusted downward from last month and are lower than last year. As other property categories see price increases, apartment condos may rely on their affordability, possibly attracting first-time homeowners and investors.” –Darlene Reid, 2026 Board Chair, REALTORS® Association of Edmonton
Data by Property Type
Detached home prices averaged $571,372, increasing 2.7% from January 2026 and 1.1% from February 2025. Detached sales increased 35.8% from the previous month but fell 12.4% short of sales in February of last year. New detached listings increased 20.7% month-over-month and 13.2% year-over-year.
Semi-detached new listings increased 8.1% from the previous month and 29.0% year-over-year. Sales increased by 43.4% from January but were 1.9% lower than February 2025. Average prices rose 4.5% from January to $441,958, a number 4.8% higher than the previous year.
Row/townhomes prices increased 3.8% from last month and 2.3% from February of the previous year, averaging $307,526. New listings were up 25.7% from January and 11.5% from February 2025. Sales for row/townhouse properties increased by 47.9% month-over-month but were 15.0% lower year-over-year.
Apartment condominiums sales also increased in February, selling 42.8% more units than the previous month but 11.9% fewer than the previous year. New listings increased 22.7% month-over-month and 19.7% year-over-year. Condominium prices averaged $212,133 at the end of February 2026— decreasing 6.0% from January and 1.4% compared to February 2025.
