Alberta home sales decline year-over-year in July
The Alberta Real Estate Association (AREA) reports that a total of 5,151 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in July, down 16 per cent from the same month last year.
The average MLS® residential price increased 2.2 per cent from July 2015 to $403,665.
Four of Alberta’s real estate Boards/Associations saw an increase in monthly residential average prices from year-ago levels:
The remaining six Boards/Associations saw the monthly residential average price decrease to varying degrees from July 2015:
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.
The value of all home sales in the province totalled $2.08 billion for the month, falling 14.2 per cent from July 2015.
There were 5.7 months of inventory at the end of July 2016, up from 4.3 months at the same time one year ago.
New listings on the MLS® Systems of real estate boards in Alberta numbered 9,756 units in July, a decrease of 4.4 per cent from a year earlier, while active residential listings numbered 29,224 units at the end of July, up 9.8 per cent from one year earlier.
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