Alberta home sales improve, but remain down year-over-year in April
The Alberta Real Estate Association (AREA) compiles provincial MLS® sales data for dissemination to REALTORS® and other interested groups. The data that is provided represents statistics provided to AREA by way of the Canadian Real Estate Association (CREA). For more detailed statistical information for Boards/Associations or for individual areas, contact your local real estate Board/Association or your local REALTOR®.
The Alberta Real Estate Association (AREA) reports that a total of 5,136 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in April, down 8.7 per cent from the same month last year. This marks a much smaller decline than those posted over the last several months.
The average MLS® residential price decreased 1.1 per cent from April 2015 to $393,285.
Two of Alberta's ten real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:
The eight remaining Boards/Associations saw the monthly residential average price decrease to varying degrees from April 2015:
**April Fort McMurray statistics have been estimated by CREA due to the continuing wildfire emergency.
Note: The data above is national data and may not perfectly reflect the data reported by a Board/Association. The numbers represented are for the full Board/Association region, rather than city/town proper areas that may be reflected in a board's name. Click here for a general guideline of Board/Association boundaries.
The value of all home sales in the province totalled $2.02 billion for the month, falling 9.7 per cent from April 2015.
There were 5.7 months of inventory at the end of April 2016, up from 4.6 months at the same time one year ago.
New listings on the MLS® Systems of real estate boards in Alberta numbered 11,185 units in April, an increase of 4.0 per cent from a year earlier, while active residential listings numbered 29,164 units at the end of April, up 13.8 per cent from one year earlier.
Click here for the full release, including a breakdown of information by area. For more detailed statistical information, contact your local real estate Board/Association or your local REALTOR®.