Home sales down, but still higher than 2013

Sales of Central Alberta homes through the Multiple Listing Service declined in June, but exceeded activity levels from a year ago. The Central Alberta Realtors Association reports that there were 219 residential sales in Red Deer last month, down 11 per cent from the 247 deals in May, but an 18 per cent improvement over the 185 sales recorded last June.

Sales of Central Alberta homes through the Multiple Listing Service declined in June, but exceeded activity levels from a year ago.

The Central Alberta Realtors Association reports that there were 219 residential sales in Red Deer last month, down 11 per cent from the 247 deals in May, but an 18 per cent improvement over the 185 sales recorded last June.

In the surrounding region, sales last month numbered 311.

That was five per cent fewer than in May, when 329 homes sold, but a 17 per cent increase over the June 2013 tally of 268. The average selling price in the city last month was $353,403, up from $332,912 in May and $328,750 in June 2013. Outside Red Deer, the average price was $295,520 in June, a jump from $271,469 in May and $281,372 a year ago. The Central Alberta Realtors Association has cautioned that average prices may not provide a good indication of market trends, because the types and locations of the properties included vary from period to period.

Half way through this year, 1,068 homes had sold in Red Deer and 1,469 in the area covered by the association outside the city. Those figures were up nine per cent and 17 per cent respectively over the six-month totals for 2013, when there were 977 residential sales in Red Deer and 1,256 elsewhere in the region. Last month there were 321 Red Deer residential listings processed through the MLS system, as compared with 285 in June 2013 and 344 in May 2014.

Total new residential listings in the city during the first half of 2014 were 1,614, up from 1,540 for the same period in 2013. Outside Red Deer, new listings last month totalled 536, an increase from 509 a year ago and 640 this May. The tally for the January-to-June period was 2,826, which marked an increase from 2,743 in the first half of 2013.

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