The report is out and here are some of the highlights.
Year over year, the amount of residential sales was down 9 percent.
And if you measure it by dollar volume year over year for June it is down 10.5 percents (see graph below).
That said, if you look at the average price across Alberta decreased only 1.4 percent.
A final couple of interesting notes:
1) The declines were AREA specific. Two areas actually increased and Southern Alberta and Fort MacMurray decreased the most.
2) As always, the "average" price does NOT determine the value of your home in today's market. If you are thinking of selling or simply want to know more, please give us a call! We are happy to provide you with an accurate value for your home!
And if you'd like to see the whole report, you can download it here.
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