Alberta home sales down year-over-year in January

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 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. Click here for a general guideline of Board/Association boundaries.

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.

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