July saw a 9.6 percent year-over-year drop in sales with the biggest drops seen in row housing (-19%). New listings decreased by 5.2% percent year-over-year. Inventory increased 1.6 percent year over year. The sales-to-new listings fell slightly to 60 percent.
There were 3.21 months of supply in July, up 12.4 percent year-over-year. Calgary (3.48 months) and Edmonton (3.28 months) are continuing to have looser supply conditions, while Grande Prairie (1.64 months) and Medicine Hat (1.62 months) have the tightest conditions in the province. There were notable increases in months of supply in Red Deer (44%) and Lethbridge (61%), but a significant drop in Fort McMurray (-40%). All regions experienced year-to-date average price growth, rising the most for Lethbridge (+8%) and Medicine Hat (+6%)
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SOURCE, AREA
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