The Greater Edmonton Area real estate market entered 2026 with a noticeable change in momentum. January brought a sharp increase in new listings, rising inventory levels, and a slowdown in overall sales activity, signalling a more competitive and balanced market environment.
A total of 2,518 new listings came to market in January, up more than 84 percent from December and nearly 5 percent year over year. Inventory levels are now over 30 percent higher than this time last year, giving buyers significantly more choice than they experienced throughout much of 2025.
Sales activity softened, with 1,151 properties sold across the region. While this is typical for January, the decline reinforces that buyers are taking a more measured approach. Homes are also spending more time on the market, averaging approximately 59 days, compared to faster conditions seen last spring.
From a pricing perspective, the market remains stable overall. The average residential sale price in the Greater Edmonton Area was $448,761, down slightly month over month but still up 2.5 percent compared to January 2025. The MLS Home Price Index composite benchmark price is $415,000, showing minimal movement and indicating a market that is adjusting rather than correcting.
Different property types are experiencing this shift in unique ways. Detached home prices eased slightly; townhomes saw modest declines, while apartment condominiums recorded notable month-over-month price growth. These variations highlight the importance of property-specific and neighbourhood-specific strategies.
As we move toward spring, this early inventory surge suggests buyers may have more negotiating power than they did last year. Sellers, meanwhile, will benefit from strategic pricing, strong presentation, and a clear understanding of current demand.
If you are planning to buy or sell in Edmonton or Sherwood Park in 2026, having clarity on today’s conditions can make a meaningful difference in your results.
For personalized guidance based on your property type and location, reach out anytime for a conversation.
Craig Finnman
REALTOR®
📱 (780) 982-1589
📧 craig@craigfinnman.ca
Oh, and by the way... I'm never too busy for your referrals!
