Alberta News

Edmonton Condo Sales Fall 31% From Last Year: What Condo Sellers and Buyers Should Know

The Short Version

Apartment condo sales in the Greater Edmonton Area fell 19.6% from September and 30.9% from October 2025, according to the REALTORS® Association of Edmonton (RAE) October 2026 report. Condos are the weakest part of the Edmonton market right now, while detached and semi-detached homes are holding up better. If you own or are thinking about buying a condo, price and preparation matter more than they did a year ago.

What the RAE Numbers Say

• Condo sales: Down 19.6% from September and 30.9% from October 2025.
• Condo new listings: Down 0.2% from September and up 3.2% from last year, so supply is not shrinking while buyers are fewer.
• Condo average price: $213,245, up 1.8% from September and 5.1% from October 2025. Averages move with the mix of units that sell, so a rise does not mean the same unit is worth more.
• Whole market: 1,882 sales across all property types, down 8.3% from October 2025, with total inventory 15.2% higher than a year ago.
• Other types: Semi-detached sales were up 12.4% from last year, while detached sales were down 6.6% and row/townhome sales were down 6.1%.

These are Greater Edmonton Area figures. The RAE publishes the full report each month, and that is the source to check for the official numbers.

What It Means in East YEG

As of November 9, 2026, East YEG (East Edmonton) condos had 36 active listings, 5 pending and 5 sales in the last 30 days, about 7.2 months of inventory. The median condo sold price over that period was $201,000. A balanced market sits around 4 to 6 months, so 7.2 months leans toward buyers. Our weekly East YEG market update tracks these numbers every week. With only 5 condo sales in 30 days, one or two sales can move the figures a lot.

If You Are Selling a Condo

• Price to recent sales: Compare your unit to condos that actually sold in your building and nearby, not to the asking prices of homes that are still sitting.
• Get the paperwork ready: Buyers and their lenders will look at condo fees, the reserve fund and recent minutes. Having the documents ready removes friction.
• Condition and presentation: With choice available, clean, updated units get the showings.
• Be flexible: A flexible possession date or a fair response to a reasonable offer can matter more than holding out for the last few thousand dollars.

If You Are Buying a Condo

More choice and slower sales give buyers room to negotiate and time to look carefully. Read the condo documents before you commit, check the monthly fees against the reserve fund and any planned special assessments, and ask your lender how it treats the building. This is general information, not legal or financial advice.

BT Group East YEG Market Research is prepared by Jason Beattie, REALTOR® with eXp Realty, using current REALTORS® Association of Edmonton MLS® market activity across the East YEG neighbourhoods tracked in this report. Short-term neighbourhood statistics can fluctuate when relatively few properties sell; individual property values should not be inferred from neighbourhood averages alone.

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.

Frequently Asked Questions

Jason Beattie

REALTOR® | eXp Realty | BT Group

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