04/02/2026
The first quarter of 2026 is already under wraps, and in some ways it feels much like the year has just begun. While the spring market has things ramping up here in Edmonton, it feels like we certainly have seen a bit of a delayed start in the market, but a start that is underway now.
Looking back at March's performance in the Greater Edmonton Area, we can certainly see a uptick in our market with more buying and selling activity, which was well needed with increasing inventory that we have seen in the last couple of months. However, even with increased activities, we are still below what we saw last year. Currently, sales increased 33% from February; however, they are down 14% from last year, while new listings came to market increased by 30.6%. We still are up 4.2% from last year, resulting in a slightly higher listings-to-sales ratio from last year.
With the pick-up in sales from February, we continued to see a reversal in sales-to-inventory levels, also tracked as months of supply. Now just breaking below 3 months at 2.9 months, it is right on the indicator between a "sellers market" and "balanced market," which is where we started the year in. We have also seen a decrease in the average days on market between February and March, but continued to see a 26%+ increase over 2025 .
Lastly, how has this affected prices? With the uptick in activity, we have seen month-over-month increases in both detached and apartment condos, and decreases in semi-detached and townhomes from February; however, on a year-over-year basis, the market is nearly flat at -0.3%, being completely flat for detached and semi-detached, -2.1% YoY on townhomes, and +1.5% on apartment condos.
How does this affect you if you are a buyer or seller in this market? For sellers, pricing your home appropriately is more important than in recent years. #1, you are competing with more homes than normally, so any home that is off by just a little bit can cause major differences. With that being said, attractive pricing is also bringing multiple offers for specific property types where there is less than normal inventory for your type of property in that area. For buyers, we can welcome having more options in the spring than we have been used to for a lot of homes, and for the unprepared sellers, some may feel desperate where they expected their homes to sell quickly, and have not, potentially leaving room for negotiating a better deal with a presented offer.
The first quarter of 2026 is already under wraps, and in some ways it feels much like the year has just begun. While the spring market has things ramping up here in Edmonton, it feels like we certainly have seen a bit of a delayed start in the market, but a start that is underway now.
Looking back at March's performance in the Greater Edmonton Area, we can certainly see a uptick in our market with more buying and selling activity, which was well needed with increasing inventory that we have seen in the last couple of months. However, even with increased activities, we are still below what we saw last year. Currently, sales increased 33% from February; however, they are down 14% from last year, while new listings came to market increased by 30.6%. We still are up 4.2% from last year, resulting in a slightly higher listings-to-sales ratio from last year.
With the pick-up in sales from February, we continued to see a reversal in sales-to-inventory levels, also tracked as months of supply. Now just breaking below 3 months at 2.9 months, it is right on the indicator between a "sellers market" and "balanced market," which is where we started the year in. We have also seen a decrease in the average days on market between February and March, but continued to see a 26%+ increase over 2025 .
Lastly, how has this affected prices? With the uptick in activity, we have seen month-over-month increases in both detached and apartment condos, and decreases in semi-detached and townhomes from February; however, on a year-over-year basis, the market is nearly flat at -0.3%, being completely flat for detached and semi-detached, -2.1% YoY on townhomes, and +1.5% on apartment condos.
How does this affect you if you are a buyer or seller in this market? For sellers, pricing your home appropriately is more important than in recent years. #1, you are competing with more homes than normally, so any home that is off by just a little bit can cause major differences. With that being said, attractive pricing is also bringing multiple offers for specific property types where there is less than normal inventory for your type of property in that area. For buyers, we can welcome having more options in the spring than we have been used to for a lot of homes, and for the unprepared sellers, some may feel desperate where they expected their homes to sell quickly, and have not, potentially leaving room for negotiating a better deal with a presented offer.
If you want to know how to take advantage of selling in this market, reach out to me for a free home evaluation, and I am happy to walk you through selling in this current market. https://lorenzgroup.ca/evaluation
If you want to know how to best position yourself in this buying market, reach out for a free buying consultation, and I am happy to come up with a game plan for you this year. https://lorenzgroup.ca/contact
