Home sales down in January

Central Alberta January home sales were down almost 23 per cent from a year earlier as the oil price slump made its presence felt. “The sharp slowdown from very strong levels just one month earlier closely mirrors activity in the rest of the province, as low oil prices have shaken consumer confidence,” says Central Alberta Realtors Association president Lorna Moore in her monthly update released on Thursday.

Central Alberta January home sales were down almost 23 per cent from a year earlier as the oil price slump made its presence felt.

“The sharp slowdown from very strong levels just one month earlier closely mirrors activity in the rest of the province, as low oil prices have shaken consumer confidence,” says Central Alberta Realtors Association president Lorna Moore in her monthly update released on Thursday.

Across Alberta, sales were down 28.2 per cent from January 2014.

In Central Alberta, 202 homes were sold last month, compared with 260 a year earlier.

In dollar terms, the $62.8 million spent on housing is down 23.3 per cent.

New residential listings are up 25.5 per cent to 709 from 565. Active listings are at 2,007, up only four from a year ago.

“There were 9.9 months of inventory at the end of January 2015, up from 7.7 months reported at the end of January 2014 and above the long-term average for this time of year,” says the association. These numbers reflect the amount of time it would take to sell current inventories at the present rate of sales activity.

Central Alberta has just come off a strong year for sales, last month’s year-end statistics showed.

In 2014, sales of single-detached homes in Central Alberta through the Multiple Listing Service were up nearly 11 per cent over 2013, jumping to 3,465 from 3,133.

Just Posted

Joe Hittel rappels down 12 storey building in Red Deer – again

Eighty four year old Red Deerian was not afraid to rappel down… Continue reading

Indigenous nation in Washington State seeks meeting with feds on Trans Mountain

VANCOUVER — The Lummi Nation in northwest Washington state is requesting a… Continue reading

Westerner Days: Weekend hours extended

Things heated up indoors on the Friday of Westerner Days Fair &… Continue reading

Central Alberta author recalls the giant step for humankind that happened 50 years ago

Sigmund Brouwer has written about the Apollo 11 moon mission

‘I’m choosing not to be a victim,’ Danforth shooting survivor says

TORONTO — Danielle Kane struggled with depression in her 20s and even… Continue reading

Fashion Fridays: 5 casual summer dress styles

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

ESPN reasserts political talk policy after attack on Trump

NEW YORK — ESPN is reminding employees of the network’s policy to… Continue reading

Tentative agreement averts strike by Quebec provincial park employees

MONTREAL — A full-blown strike by employees at Quebec provincial parks that… Continue reading

Air Force will end search for missing Quebec businessman and his son

MONTREAL — The Royal Canadian Air Force said Saturday it will gradually… Continue reading

Panel orders federal judge to reconsider Trump appeal

WASHINGTON — An appeals court on Friday ordered a federal judge to… Continue reading

What consumers can do as regulators weigh compounds’ risks

WASHINGTON — The government is trying to sort out how to handle… Continue reading

Technology, temporary help keeps farmers on job longer

ALEXANDRIA, Ind. — At 79 years old, Art McManus says he’s still… Continue reading

Standoff on Hawaii mountain is about more than a telescope

HONOLULU — Protesters fighting the construction of a giant telescope on a… Continue reading

CRA program to help poor file taxes yields noticeable bump in people helped

OTTAWA — A federal program designed to help low-income Canadians file their… Continue reading

Most Read