It has been a few dynamic summer months as the real estate sales activity in July continued to out do recent years sales across the Province of Alberta. Recent sales has been due to the improvements in the Calgary, Edmonton and Central Alberta markets. Economic changes in the province and the recent spring provincial election of Premier Jason Kenny. Jason Thomas Kenney PC MLA is a Canadian politician, currently serving as the 18th Premier of Alberta since 2019, and leader of the United Conservative Party in Alberta since 2017.
For the fourth consecutive month, we have seen year over year inventory levels ease which has led to greater stability of pricing with a decrease of -1.95% to an average sale price of $391,461 in Alberta overall.