East YEG Weekly Market Update

Week Ending November 2, 2026

Jason's Take

"Inventory shrank this week, but not because demand got stronger. Active listings fell 21 to 200 while sales slowed too, with only 7 homes sold in the 7 days ending October 31 compared with 13 the week before, so months of inventory still rose from 3.88 to 4.08. A lot of that shrinking is homes coming off the market without selling: 160 listings were terminated or expired in the last 90 days, and 65 of them sat 90 days or more first. Add the Bank of Canada's October 28 move to 2.5%, its first increase since July 2023, and buyers are watching payments as well as prices. Homes are still selling, at a median 97.53% of list price in about 30 days, so the sellers getting results are the ones who priced to today's buyer from day one."

Market Pulse by Home Style

Detached Single Family

Active: 163 | Pending: 22 | Sold (30d): 44 | Months of Inventory: 3.70

Condo

Active: 37 | Pending: 6 | Sold (30d): 5 | Months of Inventory: 7.40

What Changed This Week

• New Listings: 16 in the last 7 days (October 26 to November 1), compared with 21 the 7 days before.
• Sold: 7 in the 7 days ending October 31, compared with 13 the 7 days before. Sold records in this export run through October 31, so the most recent days may still be filling in.
• Terminated + Expired: 160 combined in the last 90 days (86 terminated, 74 expired), compared with 154 on October 26. Median time on market before coming off sits at 75.5 days (71.5 on October 26), and 65 of those properties sat 90 days or more before coming off (59 on October 26).

Pricing

Overall median sold price: $427,000 (49 homes)

Detached Single Family median: $433,750 (44 homes)

• Bungalow: $414,000 (27 homes)
• 2 Storey: $619,700 (8 homes)
• 4 Level Split: $665,000 (3 homes, low sample)
• 1 & Half Storey: $633,000 (1 home, low sample)
• 5 Level Split: $532,500 (1 home, low sample)
• Raised Bungalow: $504,500 (2 homes, low sample)
• Bi-Level: $383,000 (1 home, low sample)

Condo median: $195,000 (5 homes, all Single Level Apartments)

The overall median eased from $430,000 on October 26 to $427,000. The detached median fell from $482,500 to $433,750, but most of that is the mix of homes that sold: 8 two-storey homes sold this period compared with 10 last week, at a median of $619,700 compared with $762,250, while the bungalow median moved from $429,000 to $414,000. The condo median fell from $209,000 to $195,000 on only 5 sales, a small enough sample that a few sales can move it. The Bank of Canada raised its overnight rate to 2.5% on October 28, and Bank of Canada Raises Rates to 2.5% explains what it could mean for Edmonton homeowners and sellers. For the buyer's view of payments, see Fixed Mortgage Rates Are Climbing in Canada.

Negotiation

Median sale-to-list ratio: 97.53% (49 homes), compared with 97.57% on October 26.

14.3% of sales closed over asking, 4.1% closed exactly at asking, and 81.6% closed under asking.

Speed

Median Days on Market (sold, last 30 days): 30 days (49 homes), up from 26 on October 26.

Price Reduction Watch

37.5% of active listings (75 of 200) have been reduced from their original list price, down from 40.3% on October 26.

Median reduction amount: $20,000, down from $23,000 on October 26.

If your own listing has been sitting without much activity, The Kiss of Death breaks down what your first 7 to 10 days on market actually told you. To see what overpricing costs in time, read Does Overpricing Your Edmonton Home Cost You Time?

East YEG Neighbourhood Leaderboard

30-day window across all 17 East YEG neighbourhoods. Neighbourhoods need 3+ sales to qualify.

New Listings Spotlight

Aggregate note: 24.5% of current active East YEG inventory (49 of 200 listings) is a relist, compared with 24.9% on October 26, and 6 of the 15 new active listings in the last 7 days were relists. If you're weighing whether to relist a home that came off the market, What Happens If My Listing Expires Without Selling? walks through the real options.

Thinking About Selling in East YEG?

What Would It Take to Get Top Dollar for Your Home?

Between negotiation trends, price reductions, and how fast homes are actually moving right now, the numbers above only tell part of the story. I'll give you a straight answer on what your specific home is worth today, and what it would take to maximize your sale price in this market.

What Did Homes Near Me Sell For in East YEG?

Individual sold prices aren't published in this post. Viewing actual sold prices requires a free sign-in. This is a REALTORS® Association of Edmonton (RAE) requirement, not a restriction Jason is choosing to impose. Sign in below to see sold listings for any of the 17 East YEG neighbourhoods.

Frequently Asked Questions

Jason Beattie

REALTOR® | eXp Realty | BT Group

780-791-9633  |  Jason.Beattie@eXpRealty.com