May saw a 12.2 percent year-over-year drop in sales with the biggest drops seen in row housing and apartments for the thirteenth consecutive month. New listings decreased by 3.8% percent year-over-year. Inventory increased 2.1% percent year over year. The sales-to-new listings fell to 54 percent.
There were 2.87 months of supply in May, up 16.5 percent year-over-year. Calgary and Edmonton are continuing to see a loosening of supplies, while Grande Prairie has the tightest conditions in the province, having 1.4 months of supply. There were notable increases in months of supply in Red Deer (56%), Medicine Hat (47%) and Edmonton (36%), but a significant drop in Fort McMurray (-38%). All regions experienced year-to date average price growth, rising the most for Lethbridge (+10%) and Fort McMurray (+9%).
To read the full REPORT, visit MAY 2026 MARKET REPORT & PUBLIC STATISTICS REPORT
SOURCE, AREA
To learn more, visit AREA ALBERTA REAL ESTATE ASSOCIATION
