The Alberta Real Estate Association (AREA) reports that a total of 4,327 residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in Alberta in October, down 28.9 per cent from the same month last year. The average MLS® residential price dropped 3.9 per cent from October 2014 to $384,381.
The value of all home sales in the province totalled $1.66 billion for the month, falling 31.7 per cent from October 2014. There were 5.7 months of inventory at the end of October 2015, up from 3.4 months at the same time one year ago.
New listings on the MLS® Systems of real estate boards in Alberta numbered 8,119 units in October, a decrease of 3.3 per cent from a year earlier, while active residential listings numbered 24,743 units at the end of October, up 20.1 per cent from one year earlier.
See full report here
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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®.