Red Deer, May 20, 2015- Residential sales reported through the MLS® System of the Central Alberta REALTORS® Association were down on a year-over-year basis in April 2015.
Home sales numbered 444 units in April, a decline of 22 per cent from the record April set in 2014. Nonetheless, sales were still running on par with the five and 10- year averages for the month of April.
Sales activity in all of Alberta fell 23 per cent from April 2014.
New residential listings on the Association’s MLS® System numbered 1,015 units in April, down seven per cent from levels in April 2014.
There were 2,660 active residential listings on the Association’s MLS® System at the end of April, up 4.3 per cent from levels at the end of April 2014.
There were 6.0 months of inventory at the end of April 2015, up from 4.5 months reported at the end of April 2014 but roughly in line with the long-run average 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 April 2015 was $139.1 million, falling 21.3 per cent from the record April in 2014. This was still the third best dollar volume for the month of April. The dollar value of home sales in all of Alberta declined 23.1 per cent from April 2014.
Sales of all types of properties totalled 471 units in April. This was down 22.0 per cent compared to April 2014. The total value of all property sales amounted to $152.1 million in April, down 25.1 per cent on a year-over-year basis.
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 on the national public web sites www.carassociation.ca, www.REALTOR.ca (residential properties) and ICX.CA (commercial and investment properties).