The Greater Edmonton Area real estate market naturally slowed down in December as the holiday season set in. A total of 1,315 homes sold, which is lower than November and slightly lower than December of last year. Fewer new listings also came to market, meaning many sellers chose to wait until the new year.
Despite the slower activity, home prices remained strong overall. The average residential selling price rose to $454,981, up from both the previous month and the same time last year. This shows that demand is still present, even during a quieter season.
Detached homes and townhomes performed especially well, with prices continuing to climb. Detached homes saw steady year-over-year growth, and townhomes also experienced modest price increases. These property types remained popular with buyers heading into year-end.
On the other hand, condo prices declined, making them the most affordable option in the market right now. Condo prices dropped compared to both last month and last year, creating potential opportunities for first-time buyers and investors.
Overall, December followed a typical seasonal pattern — fewer listings, fewer sales, but stable pricing. As we move into the new year, the market is positioned for renewed activity, especially as buyers and sellers return with fresh goals and plans.