2026 property market off to a high inventory start
Edmonton, AB – February 3, 2026 — The Greater Edmonton Area (GEA) real estate market reported 1,151 sales in January 2026, a decrease of 12.5% compared to activity in December 2025 and 27.6% compared to January 2025. There were 2,518 new listings — a month-over-month increase of 84.2% and a year-over-year increase of 4.7%. Inventory levels rose 8.5% from December and are 32.7% higher than January 2025.
Average selling price across all residential property types decreased by 1.4% from the previous month to $448,761, a number 2.5% higher than January 2025. The MLS® Home Price Index (HPI) composite benchmark price in the GEA was $415,000, decreasing 0.1% from December 2025 and 1.0% year-over-year.
“A wave of new inventory has hit the market for 2026, and with inventory levels already pretty healthy at the end of last year, it marks a transition to a more competitive year for sellers. Buyers looking to make a move in 2026 should consider getting on the property ladder now, if possible. There’s plenty of choice, less rush (with homes averaging 59 days on market) and they’re likely to get a better negotiation on price than if they wait until the market picks up in spring.” –Darlene Reid, 2026 Board Chair, REALTORS® Association of Edmonton
Data by Property Type
Detached home prices averaged $556,752, decreased 1.7% from December 2025 and 0.6% from January 2025. Sales in the detached category fell 16.3% from the previous month and 23.1% from January 2025. New detached listings increased 84.2% month-over-month and 5.1% year-over-year.
Semi-detached new listings increased 83.9% from the previous month and 13.6% year-over-year. Sales increased by 1.4% from December 2025 but were 27.5% lower than January 2025. Average prices rose 0.2% from December to $422,964 and were 0.7% higher than the previous year.
Row/townhomes prices decreased 0.3% from December and 5.1% from January of the previous year, averaging $296,227. New listings were up 71.2% from last month and 7.6% from January 2025. Sales for row/townhouse properties decreased by 13.6% month-over-month and 29.5% year-over-year.
Apartment condominiums sales also decreased in January, selling 6.0% fewer units than the previous month and 38.7% fewer than the previous year. New listings increased 77.9% month-to-month, though they were 4.0% lower than January 2025. Condominium prices averaged $225,671 at the end of January 2026— increasing 16.5% from December and 11.1% compared to January 2025.
