Courtesy of Bruce Weiss

LATE SUMMER SLOW-DOWN CONTINUES FOR EDMONTON HOUSING ACTIVITY

$575,575 detached

$215,422 apt/condo

UP 1.0% year-to-year

DOWN 1.2% year-to-year

AVERAGE SALE PRICES

$298,238 row/townhouse

3,769 NEW LISTINGS 2,143 SOLD LISTINGS

2,271 623 apartment detached 1,302 308 apartment detached

DOWN 1.2% year-to-year

57.0% SALES TO NEW LISTING RATIO

41 DAYS ON MARKET

3.8 MONTHS OF INVENTORY

8,052 ACTIVE LISTINGS

Edmonton, AB (September 2026) — The Greater Edmonton Area (GEA) real estate market reported 2,143 sales in August 2026, decreasing 15.4% when compared to activity in July and 9.8% compared to August 2025. There were 3,769 new listings — a month-over-month decrease of 8.1% and a year-over-year increase of 3.3%. Inventory levels decreased 1.1% from the previous month and are 15.1% higher than August 2025. Average selling price across all residential property types decreased by 1.1% from the previous month to $469,602, a price 1.8% higher than August 2025. The MLS ® Home Price Index (HPI) composite benchmark price in the GEA was $426,900, decreasing 0.6% from July 2026 and decreasing 0.6% year-over-year. “A slow-down in activity has continued as autumn approaches, reflecting normal seasonal trends. There are also indicators that a shift in the wider market is taking place. Average prices are not showing significant changes from the previous year, indicating steadiness; meanwhile, inventory is continuing to accrue in our market. Supply is ample, but unless demand keeps up, we are likely to see downward pressure on prices beyond the usual seasonal patterns.” –Darlene Reid, 2026 Board Chair, REALTORS ® Association of Edmonton Statistics reflect market activity in August 2026 | Source: REALTORS ® Association of Edmonton | Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.w

Because basements are typically cooler and have less airflow, they can be prone to moisture buildup and musty smells caused by mould and mildew. Persistent damp odours may signal excess moisture, condensation or plumbing issues. Detecting and fixing the source is better than masking it with air fresheners. A little investigation can help determine whether the smell is simply stale air or a sign of a problem that needs attention. Start by checking for moisture inside the home, especially in corners or rarely disturbed areas. If you find water damage, damaged materials, leaks or persistent odour, contact a home inspector, plumber or HVAC professional to determine whether the issue relates to plumbing, drainage, humidity or other factors. If moisture and stale air, rather than a leak, are the main issues, improving airflow and using a dehumidifier will help. Fans and suitable ventilation can also make a basement feel less stale when conditions allow.

THE FIX FOR MUSTY AIR

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