May 2025 saw the first month-over-month increase in Canadian home sales since November 2024, marking a 3.6 % rise from April as national buyer confidence regained traction after several months of hesitation. Key markets stirring the rebound include Toronto, Calgary, Ottawa—and promising ripples are showing here in Edmonton.
What the CREA Report Tells Us
National rebound: May marked a 3.6 % rise in seasonally adjusted home sales—the first uptick since last November—while new listings climbed 3.1 % month-over-month.
Market context: Though sales are still around 4 to 4.3 % below last May, this momentum suggests pent-up demand is finally emerging.
Pricing trends: The MLS® Home Price Index dipped only 0.2 % month-over-month. The national average sale price hovered near $691,300—down about 1.8 % compared to May 2024.
Market outlook: While this is “just one good month,” it may mark the beginning of a delayed rebound.
Spotlight on Edmonton
While the CREA article focused on national data, Edmonton’s market remains strong and encouraging:
May 2025 Edmonton stats:
Average sold price in the Capital Region reached approximately $464,277, up 5.2 % year-over-year.
Benchmark prices set new records around $439,100, reflecting a 9.8 % annual increase.
Sales volume increased 9.5 % month-over-month, with nearly 3,000 properties sold.
The sales-to-new-listings ratio remains near 60 %, signaling a solid seller’s market that is gradually moving toward balance.
Segment performance:
Detached homes averaged $579,000, up 6.1 % year-over-year.
Condominiums averaged $214,000, up 3.5 %.
Townhouses came in around $307,000, up 4.1 %.
Inventory is still tight, and months of supply remain low—supporting stable price growth.
Why This Matters for Edmonton Buyers & Sellers
Buyers: With buyer confidence returning across the country and prices inching up locally, it’s a smart time to move before interest-rate relief brings more competition.
Sellers: Strong demand, low supply, and rising benchmarks make this an excellent time to list.
Investors and first-time buyers: Edmonton remains one of the most affordable major cities in Canada, offering excellent value and long-term potential.\
Your Trusted Edmonton REALTOR®
Nooran Ostadeian
REALTOR® | RE/MAX Elite Windermere
📍 Serving Edmonton & Surrounding Areas
📧 Email: Nooran@RealtyEdmonton.ca
📞 Direct: 780-953-0723
🏢 Office: 304 Windermere Blvd, Edmonton, Alberta, T6W 2P2
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