Residential sales activity reported through the MLS® Systems of real estate boards in Alberta numbered 6,001 units in June 2018. This was down 6.3% from June 2017. On a year-to-date basis, home sales totalled 27,837 units over the first six months of the year. This was down 7.9% from the same period in 2017. Nationally, home sales activity was down 10.7% from year-ago levels in June 2018. The provincial average price of homes sold in June 2018 was $402,354, edging down 2.3% from June 2017. The more comprehensive year-to-date average price was $393,281, down 2.9% from the first six months of 2017. The national average price, by comparison, fell 1.3% on a year-over-year basis to $495,797 in June 2018. Across
Alberta, monthly residential average prices were up from year-ago levels in Fort McMurray (+8.2%), Grande Prairie (+5.3%), and Medicine Hat (+2.2%). By contrast, average prices declined in Calgary (-0.6%), South Central Alberta (-0.7%), Lethbridge (-1.9%), Edmonton (-3.3%), Central Alberta (-5.2%), Alberta West (-7.0%) and Lloydminster (-7.9%). There were 12,728 new residential listings on the MLS® Systems of real estate boards in Alberta in June 2018. This was up just 1.8% on a year-over-year basis. Active residential listings numbered 39,310 units at the end of June. This was an increase of 16.9% from the end of June 2017 and marked a record for this time of the year. Months of inventory numbered 6.6 at the end of June 2018, up from the 5.2 months recorded at the end of June 2017 and above the 10-year average of 4.8 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.
The dollar value of all home sales in the province in June 2018 was $2.4 billion, down 8.5% from the same month in 2017. The dollar volume of all home sales in Canada fell 11.8% on a year-over-year basis. Sales of all property types in Alberta numbered 6,324 units in June 2018; this was down 5.8% from June 2017. The total value of all properties sold was $2.6 billion, down 6.6% from June 2017.
There were 2,383 home sales recorded through the MLS® System of the Calgary Real Estate Board in June 2018, down 10.4% from a year earlier. The combined value of home sales activity in Calgary was $1.1 billion, down 10.9% from year-ago levels. There were 2,148 home sales recorded through the MLS® System of the REALTORS® Association of Edmonton in June 2018, down 7.3% from June 2017. The total value of home sales in Edmonton was $813.2 million in June 2018, down 10.3% on a year-over-year basis.