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Alberta home sales down year-over-year in August

Alberta home sales edge down year-over-year in August

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 4,927 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in August, down 4 per cent from the same month last year. This was the smallest year-over-year decline since December 2014.

The average MLS® residential price edged up 0.5 per cent from August 2015 to $390,615.

Three of Alberta's real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels, while the Edmonton region average price was unchanged:

Board

Year-Over-Year Change

Year-to-Date Change

Alberta West

+16.8 per cent

-0.9 per cent

Lloydminster Region (AB Only)

+2.5 per cent

-4.1 per cent

Calgary Region

+1.4 per cent

+1.2 per cent

Edmonton Region

0.0 per cent

-0.2 per cent

The remaining six Boards/Associations saw the monthly residential average price decrease to varying degrees from August 2015:

Board

Year-over-Year Change

Year-to-Date Change

Lethbridge Region

-2.1 per cent

+0.3 per cent

Grande Prairie Region

-4.8 per cent

-6.0 per cent

Central Alberta

-6.4 per cent

-4.0 per cent

Fort McMurray Region

-7.0 per cent

-13.3 per cent

Medicine Hat Region

-7.1 per cent

-5.4 per cent

South Central Alberta

-11.7 per cent

-15.4 per cent

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 $1.92 billion for the month, falling 3.5 per cent from August 2015.

There were 5.9 months of inventory at the end of August 2016, up from 5.2 months at the same time one year ago. 

New listings on the MLS® Systems of real estate boards in Alberta numbered 9,433 units in August, an increase of 0.9 per cent from a year earlier, while active residential listings numbered 28,959 units at the end of August, up 9.2 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®.