August saw an 11.6 percent year-over-year drop in sales with the biggest drops seen in apartments (-21%). New listings decreased by 4.8% percent year-over-year. Inventory increased 1.4 percent year over year. The sales-to-new listings fell slightly to 58 percent.
There were 3.66 months of supply in August, up 14.6 percent year-over-year. Calgary (3.92 months) and Edmonton (3.86 months) are continuing to have looser supply conditions, while Grande Prairie (1.92 months) and Medicine Hat (1.95 months) have the tightest conditions in the province. There were notable increases in months of supply in Medicine Hat (52%) and Lethbridge (59%), but a significant drop in Fort
McMurray (-31%). All regions experienced year-to-date average price growth, rising the most for Lethbridge (+7%) and Medicine Hat (+5%).
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SOURCE, AREA
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