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in Edmonton

**Edmonton Market Conditions - March 2026**

Edmonton's market has shifted toward buyers after 18 months of cooling. Inventory levels rose 23% year-over-year, with average days on market extending to 42 days. The frenzy of 2023-2024 has settled into a more balanced environment, giving purchasers increased negotiating power and selection.

Single-family homes averaged $485,000 in February, down 4% from peak. Townhomes held steady around $310,000, showing remarkable resilience. Condos dropped 7% to $215,000, creating attractive entry points. New construction starts declined 15%, potentially tightening future supply despite current buyer advantages.

**Windermere remains the neighborhood to watch.** New LRT expansion completion boosted accessibility, while the area maintains executive-home appeal. Properties here average 15 fewer days on market than city-wide, and recent infrastructure investments suggest continued appreciation potential despite broader market softening.

**Buyers:** Focus on established neighborhoods with recent price corrections—negotiate inspection periods and closing costs. **Sellers:** Price competitively from day one and consider pre-inspections to stand out. The days of overpricing and multiple offers have passed; realistic expectations and strong presentation win in today's market.