The Alberta Real Estate Association (AREA) reports that a total of 2,277 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in January, down 13.8 per cent from the same month last year. The average MLS® residential price decreased 2.7 per cent from January 2015 to $371,620.
Three 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 |
| Alberta West | +13.1 per cent |
| Fort McMurray Region | +2.7 per cent |
| Calgary Region | +0.4 per cent |
The seven remaining Boards/Associations saw the monthly residential average price decrease to varying degrees from January 2015:
| Board | Year-over-Year Change |
| Lethbridge Region | -0.9 per cent |
| Grande Prairie Region | -5.3 per cent |
| Central Alberta | -7.7 per cent |
| Medicine Hat Region | -8.4 per cent |
| Edmonton Region | -8.4 per cent |
| Lloydminster Region (AB Only) | -9.9 per cent |
| South Central Alberta | -38.5 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.
The value of all home sales in the province totalled $846 million for the month, falling 16.1 per cent from January 2015.
There were 9.8 months of inventory at the end of January 2016, up from 7.4 months at the same time one year ago.
New listings on the MLS® Systems of real estate boards in Alberta numbered 8,559 units in January, a decrease of 8.5 per cent from a year earlier, while active residential listings numbered 22,362 units at the end of January, up 15.1 per cent from one year earlier.
Source: AREA
