Purrfect Properties Blog

Alberta Real Estate Market Reports – June 2016

Alberta home sales down year-over-year in June

The Alberta Real Estate Association (AREA) reports that a total of 6,059 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in June, down 9.2 per cent from the same month last year.

The average MLS® residential price decreased 1.4 per cent from June 2015 to $397,269.

 

Two of Alberta’s 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
Lethbridge Region +2.0 per cent -0.9 per cent
Calgary Region +0.2 per cent +1.0 per cent

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

Board Year-over-Year Change Year-to-Date Change
Edmonton Region -0.6 per cent -0.8 per cent
Lloydminster Region (AB Only) -2.0 per cent -6.2 per cent
Grande Prairie Region -4.5 per cent -6.1 per cent
Medicine Hat Region -5.2 per cent -5.3 per cent
Central Alberta -5.3 per cent -3.8 per cent
Alberta West -9.7 per cent -1.7 per cent
Fort McMurray Region -19.8 per cent -17.0 per cent
South Central Alberta -32.3 per cent -18.4 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 $2.41 billion for the month, falling 10.5 per cent from June 2015.

 

There were 4.9 months of inventory at the end of June 2016, up from 4.0 months at the same time one year ago.

 

New listings on the MLS® Systems of real estate boards in Alberta numbered 10,349 units in June, a decrease of 4.4 per cent from a year earlier, while active residential listings numbered 29,432 units at the end of June, up 11.5 per cent from one year earlier.

Click here for the full release, including a breakdown of information by area. 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®.

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