Expect price declines as housing market cools

Advertisement 1 This advertisement has not loaded yet, but your article continues below. Breadcrumb Trail Links HomeLifeHomes Expect price declines as housing market cools Edmonton-area housing market is balanced, but that may tip in favour of the buyer this fall. Author of the article: By Joel Schlesinger  •  for the Edmonton Journal Published Sep 17, 2026 Last updated 1 day ago 2 minute read Join the conversation Edmonton’s resale market is likely to keep slowing down into the fall. PHOTO BY GREG SOUTHAM /Postmedia Article content It’s been a cool summer in Edmonton — and that’s not just with respect to the weather. Article content The resale real estate market has also seen much cooler conditions compared with last summer, continuing a downward trend in activity that could lead to even chillier market conditions this fall, says Darlene Reid, chair of the Realtors Association of Edmonton. Article content Article content “When inventory is up and there are fewer sales, it’s simply more competitive for sellers,” she adds. Article content Article content “In turn, they have to price aggressively, and buyers have more to choose and can be firmer when negotiating.” RAE statistics illustrate the increasingly buyer-friendly conditions. In August, sales fell nearly 10 per cent year over year, and more than 15 per cent from July. Article content Headline News Get the latest headlines, breaking news and columns. Sign Up By signing up you consent to receive the above newsletter from Postmedia Network Inc. Interested in more newsletters? Browse here. Article content The average price was down about one per cent month over month while up about two per cent year over year to $469,602. Article content At the same time, inventory grew about 15 per cent year over year, though down one per cent from July. Article content Sales fell across all housing types. Average prices across housing types offered a more mixed picture of conditions. Article content For the most popular housing type, single-family detached homes, the average price gained about one per cent year over year to $575,575. Semi-detached homes also saw the average price rise, though less than one per cent, to $424,322. Article content Townhomes’ average price, however, fell about one per cent to $298,238. Article content Apartments’ average price also declined, closer to two per cent, to $215,422. Article content All housing segments reflect a balance between buyers and sellers —…