Central Alberta home sales up year-over-year in December
Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association numbered 164 units in December 2019. This edged up 2.5% (four sales) from December 2018.
On an annual basis, home sales totalled 3,545 units over the course of 2019, down 7.7% from the same period in 2018.
Residential sales activity in all of Alberta, by comparison, was up 7.6% in December 2019 compared to December 2018.
There were 323 new residential listings in December 2019. This was down 8.5% on a year-over-year basis.
The dollar value of all home sales in December 2019 was $46.2 million, up 5.4% from the same month in 2018.
By comparison, the dollar value of all home sales in Alberta was up 7.2% compared to December 2018.
Overall supply levels have gradually been trending lower since peaking in mid-2018. Active residential listings numbered 2,746 units at the end of December, down 2.8% from the end of December 2018.
Months of inventory numbered 16.7 at the end of December 2019, down a bit from the 17.7 months recorded at the end of December 2018 but still above the 10-year average of 14.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Sales of all property types numbered 187 units in December 2019, an increase of 12.7% from December 2018. The total value of all properties sold was $65.6 million, a 36.2% jump from December 2018.
BOARD & ASSOCIATION INFORMATION
The Central Alberta REALTORS® Association is an MLS® listing co-operative, representing more than 560 REALTORS® located in Red Deer and throughout Central Alberta. Details and photos of all Central Alberta REALTORS® Association listings can be found at www.carassociation.ca and on the national public web site www.REALTOR.ca (residential and commercial and investment properties).
CENTRAL ALBERTA REALTORS® ASSOCIATION
For more information,
Richard Pochylko, President
or Larry Westergard, Executive Officer