Is the Greater Edmonton real estate market as steady as it seems? New HouseSigma data shows that there’s a lot going on behind the headline numbers. <\/p>\n\n\n\n
Our February 2026 Greater Edmonton PriceWatch infographic (below) shows that the overall median sale price in Greater Edmonton rose a modest 0.8% year-over-year in February, from $425,000 to $428,500, suggesting a market holding firm. But when you split it by home type, the segments are moving in opposite directions \u2014 and the gap between them has widened since this time last year.<\/p>\n\n\n\n
HouseSigma’s latest data analysis has found that detached homes, which account for more than half of all February transactions, dropped 2.7% year-over-year to a median of $504,950. Condos fell further, down 5.2% to $190,000. Attached homes such as half-duplexes and townhouses were the only home type to gain ground over the year, rising 5.8% to a median of $367,500. The overall market looks stable because the attached segment’s gains are largely offsetting losses in the other two segments.<\/p>\n\n\n\n
Deepening discounts in detached sector<\/strong><\/p>\n\n\n\n The shift in negotiating conditions reinforces this. A year ago in February, the typical Edmonton home sold right at its asking price \u2014 the median sale-to-list-price ratio across all property types was essentially zero. This February it sits at -1.0%, with 75.8% of homes closing below asking compared with 56.1% a year ago. The share selling over list has fallen from 33% to 17%.<\/p>\n\n\n\n Also a year ago, condos were the weakest segment in February 2025, with a median discount of 3% from list. Twelve months later that figure is unchanged, but what has changed is that detached and attached sellers have joined them in under-list territory. The buyer advantage that was once concentrated in the condo market has spread.<\/p>\n\n\n\n For buyers, the practical implication is that February 2026 offers more negotiating room across the board than February 2025 did \u2014 added to the lower entry prices in detached homes and condos. For condo sellers in particular, sale prices are down, discounts are deeper than any other segment at a median of 3% off, and sales volume has fallen. That combination of lower prices, softer demand, and persistent discounting makes the condo segment the one to watch as spring inventory builds.<\/p>\n\n\n\n Jay Sandhu, a leading HouseSigma agent in Edmonton, said, “What we\u2019re seeing in Edmonton right now is a more segmented market the overall numbers look stable, but conditions vary quite a bit by property type. Buyers have gained more negotiating room across the board, especially in condos and some detached segments, while attached homes are still holding up relatively well. From a buyer\u2019s perspective, there\u2019s more opportunity and less urgency than a year ago. For sellers, especially in the condo space, pricing correctly has become much more important as competition increases.”<\/p>\n\n\n\n Check out the interactive Greater Edmonton PriceWatch infographic, below, which has more price breakdowns by geography and home type.<\/p>\n\n\n\n