Greater Edmonton Area Real Estate Market Report by Paul Zieba, Mortgage Broker

• New listings: 635 (+12% from last week)
• Sales: 442 (+20% from last week)
• Average price: $459K (0% from last week)
• Median price: $444K (+4% from last week)

Market Snapped Back After Last Week’s Sharp Drop

Last week saw significant declines: sales down 16% and new listings down 23%. This week? Complete reversal: sales jumped 20% while new listings climbed 12%.

However, here’s the story in the price data: average price held flat at $459K while median price surged from $425K to $444K (+$19K). As a result, this tells us buyer activity returned most aggressively in the mid-market segment heading into late November.

Sales Rebounded Faster Than Listings

Sales jumped 20% while new listings only increased 12%. Therefore, the 8-percentage-point gap suggests buyers returned more aggressively than sellers. In fact, with 442 transactions this week versus 369 last week, demand clearly accelerated.

Nevertheless, the faster sales recovery compared to inventory growth indicates tightening conditions in the most active price ranges.

Median Up, Average Flat: What This Means

Median price jumped 4% to $444K while average price remained unchanged at $459K. Consequently, this divergence signals where the activity concentrated this week.

Furthermore, when median rises but average stays flat, it typically indicates fewer sales happened below $425K while competition intensified in the $425K-$460K range. Therefore, mid-market buyers faced increased competition this week compared to last week’s quieter conditions.

What This Means for Buyers

With sales up 20% and new listings only up 12%, you’re facing more competition than last week. Additionally, the median price jump of $19K shows the mid-market segment ($400K-$460K) heated up significantly.

However, average price staying flat at $459K suggests upper-tier properties ($500K+) remained stable without the same intensity. Therefore, if you’re shopping in the entry-level or mid-range segment, expect stronger competition and faster decision timelines than you faced last week.

What This Means for Sellers

New listings increased 12% to 635 properties, but sales jumped 20% to 442 transactions—meaning buyer demand outpaced inventory growth. Nevertheless, this created tighter market conditions compared to last week’s slowdown.

As a result, well-priced properties in the $425K-$460K range are seeing stronger activity. Furthermore, median price climbing $19K while average stayed flat suggests mid-market sellers regained pricing power this week after last week’s softer conditions.

The Bigger Picture

This week’s data shows a market that bounced back sharply after last week’s seasonal slowdown. In fact, the 20% sales increase demonstrates underlying buyer demand remained strong—it simply paused temporarily.

Nevertheless, the concentrated activity in the mid-market segment (reflected in the median price jump) shows where competition is most intense right now. Consequently, this isn’t a broad market surge—it’s specific price segments heating up while others remain steady.

Questions About Your Mortgage Options in This Market?

Market conditions change week to week. Therefore, let’s discuss how these numbers impact your specific mortgage situation.

Paul Zieba – Edmonton Mortgage Broker
📞 780-619-4901
📧 pzieba@mortgageconnection.ca
🌐 paulzieba.ca