<<< back to article list

Alberta Real Estate Association Market Report


Blog by Kim Twohey | December 24th, 2015


ab_market_report_logo_680.jpg

Alberta home sales down year-over-year in November

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 3,709 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in November, down 21.1 per cent from the same month last year. The average MLS® residential price dropped 5.3 per cent from November 2014 to $385,430.

unnamed.jpg

unnamed (3).jpg

unnamed (2).jpg

Two of Alberta's ten real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:

Board Year-Over-Year Change Year-to-Date Change
Grande Prairie Region +1.9 per cent +0.7 per cent
Alberta West +1.5 per cent -0.1 per cent

The eight remaining Boards/Associations saw the monthly residential average price decrease to varying degrees from November 2014:

Board Year-over-Year Change Year-to-Date Change
Medicine Hat Region -1.7 per cent +4.2 per cent
Central Alberta -3.1 per cent +0.4 per cent
Calgary Region -3.7 per cent -1.5 per cent
Edmonton Region -3.7 per cent +1.2 per cent
Lethbridge Region -9.8 per cent +1.2 per cent
South Central Alberta -12.7 per cent +0.9 per cent
Lloydminster Region (AB only) -14.5 per cent +0.0 per cent
Fort McMurray Region -19.1 per cent -6.3 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 $1.43 billion for the month, falling 25.3 per cent from November 2014.

unnamed (1).jpg
There were 6.2 months of inventory at the end of November 2015, up from 3.9 months at the same time one year ago. unnamed (4).jpg

New listings on the MLS® Systems of real estate boards in Alberta numbered 6,704 units in November, an increase of 11.6 per cent from a year earlier, while active residential listings numbered 22,911 units at the end of November, up 24.2 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®.