Edmonton Real Estate Market Update, March 2026

If you’ve been keeping an eye on the market lately, you may have noticed things starting to feel a bit more active again. That’s actually showing up clearly in the latest numbers.

March brought a noticeable increase in activity across the Greater Edmonton Area, which is typical for this time of year as we move into the spring market. But there are a few underlying trends that are worth paying attention to, especially if you’re thinking about buying or selling this year.

A Strong Month Over Month Rebound

There were 2,133 homes sold in March, which is a 33.1% increase from February. That’s a healthy jump and something we usually expect as the weather improves and more people re-enter the market.

At the same time, sales were down 14.0% compared to March of last year. So while activity is picking up seasonally, it’s happening in a slightly more balanced environment than we saw in 2025.

Inventory Is Growing

One of the biggest shifts right now is inventory.

There were 3,809 new listings in March, up 30.6% from February and 4.2% higher than last year. Overall inventory is now 31.6% higher than it was at this time in 2025.

What this means in simple terms is that buyers have more options, and sellers are facing more competition.

You may notice that homes need to be priced a bit more carefully to stand out, especially if a quick sale is the goal.

Prices Continue to Hold Steady

The average price across all residential property types reached $470,819. That’s up 3.4% from February and 2.2% higher than last year.

The benchmark price, which gives a more consistent comparison, came in at $426,000. That’s up slightly month over month, but down 2.9% compared to last year.

So while prices are still relatively stable, we are seeing some softening depending on the property type.

What’s Happening by Property Type

Different segments of the market are moving in slightly different ways right now.

Detached homes are still showing strength. The average price rose to $590,162, up both month over month and year over year. Sales also increased significantly compared to February, although they are still below last year’s levels.

Semi detached homes saw a small dip in price month over month, but are still up compared to last year. Sales activity is steady, though slightly lower year over year.

Row and townhouse properties are seeing more pressure. Prices are down both month over month and year over year, and sales are also lower compared to last year.

Apartment condominiums are showing a similar pattern. Sales increased from February, which is encouraging, but remain lower than last year. Prices have held steady month to month but are down compared to 2025.

What This Means for You

If you’re a buyer, this is one of those windows where you have more choice and a bit more time to make decisions compared to last year. That can make the process feel less stressful.

If you’re a seller, it’s still a good market, but strategy matters more. Pricing, presentation, and timing all play a bigger role when buyers have more options.

One thing I often remind clients is that markets don’t move all at once. They shift in layers. What we’re seeing right now is a transition toward a more balanced environment.

Sometimes just talking through your specific situation can make all of this feel a lot clearer.

If you’re curious how these trends apply to your home or your plans, I’m always happy to walk through it with you.

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Disclaimer

The information in this blog is based on data provided by the REALTORS® Association of Edmonton (RAE) and their publicly available market statistics. This content is intended for general informational purposes only and should not be considered legal, financial, or real estate advice. Market conditions can change, and individual circumstances may vary.