The Greater Edmonton Area real estate market recorded 2,535 residential sales in July 2026, down 7.6 percent from June and 11.0 percent from July 2025. Spring's momentum is gone. Here's what the numbers say and what to do about it.
The headline numbers
Sales dropped. 2,535 sales in July, the slowest month since spring took off. RAE Board Chair Darlene Reid put it plainly: decreased sales, softening prices, and longer days on market all point to demand subsiding for the summer.
Inventory is way up. 4,258 new listings in July. Total inventory hit 8,142 properties, up 17.9 percent from a year ago. That's 3.2 months of supply regionally, real breathing room for buyers.
Prices dipped, but sellers still get close to asking. Average price: $475,079, down 1.8 percent from June, still up 2.6 percent year over year. Median: $447,000. Sale to list ratio held at 98 percent, so priced right still means priced close to what you'll actually get. The HPI benchmark, the number that matters most for tracking real value, sat at $429,100, flat year over year.
Homes are sitting longer. 39 days on market on average, up three days from June and six from last July.
The year so far tells the real story. 15,178 sales year to date, down from 17,249 at this point in 2025, while new listings are running slightly ahead. Fewer sales, more listings. That's the whole market shift in one sentence.
By property type
Detached is still king. 1,544 sales in July, the only property type with a year over year benchmark gain, and homes closing at a tight 99 percent sale to list ratio. Condos are the soft spot: sales down 21.3 percent year over year and the longest days on market at 55, though prices there are still up 2.3 percent, proof that well priced units are still moving.
City versus region: not the same market
The City of Edmonton is cooling faster than the region around it. 1,684 sales in July, down 12.8 percent year over year, a steeper drop than the regional 11.0 percent. Inventory sits at 3.7 months of supply, looser than the region's 3.2. Days on market average 42 in the city versus 39 regionally. If you're deciding between city and outlying communities, that gap is worth knowing before you set a price or make an offer.
The surrounding communities, quickly
Sherwood Park: 110 detached sales averaging $598,395, condos at $314,918, over $84 million in total sales volume, the strongest of the surrounding communities.
St. Albert: highest detached average of the group at $650,261 on 94 sales.
Beaumont: 46 sales averaging $545,523, punching close to the bigger communities.
Leduc: 59 detached sales averaging $513,443.
Spruce Grove: detached average $521,198.
Stony Plain: blended residential average $440,077.
Fort Saskatchewan: 48 detached sales averaging $539,177.
Morinville and Devon: the affordable end at $427,507 and $477,600.
Price alone won't tell you where to buy or list. Days on market and sale to list ratios shift by community, and that's where local knowledge pays off.
What to actually do with this
Selling? Price it for the market you're in, not the one from May. Inventory is up almost 18 percent regionally and homes are sitting longer. Correctly priced listings are still closing near asking. Overpriced ones are the ones adding to that inventory pile.
Buying? This is your window. More choice, less competition, and a small price pullback all favour buyers ready to move now.
Reid expects a modest rebound through fall, but not a return to spring's volume. The next few months are worth watching closely either way.
Let's talk numbers
Mary Bark and David Szusz track this market down to the community level every month. Whether you're listing this fall or waiting for the right entry point, get a read on where things actually stand.
Mary Bark and David Szusz The Real Estate Team, RE/MAX River City 780 905 6255 | thereteam.ca
Source: REALTORS® Association of Edmonton, Monthly Market Statistics and 5 Year Residential Activity Report, July 2026.
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