Alberta Real Estate Trends – November Market Numbers Explained

Alberta Real Estate Market Update – Latest Trends You Should Know

The newest Alberta real estate statistics are out for the month of November, and the market is showing some important shifts that both buyers and sellers should understand. Here’s a clear breakdown of the latest numbers and what they mean for you.

🔻 Home Sales Down Year-Over-Year

A total of **1,553 homes were sold**, marking a **13.4% decrease** compared to last year.

While activity has slowed, demand is still steady, and well-priced homes continue to attract serious buyers.

🔻 New Listings Also Down

There were **2,251 new listings**, a **3.3% decline year-over-year**.

Fewer new listings entering the market means lower fresh supply, even as inventory continues to shift.

⬆ Inventory Rising

Overall inventory has increased to **5,581 homes**, a significant **28.2% jump** from last year.

This added supply gives buyers more options and contributes to a more balanced market.

⬆ Months of Supply Increasing

Months of supply now sits at **3.59**, up **48% year-over-year**.

The market is gradually moving away from tight seller-market conditions toward a more neutral environment.

Alberta Home Prices by Property Type

🏡 **Total Residential Benchmark Price:** $559,000

* **Down 4.6% year-over-year**

🏠 **Detached Homes:** $733,000

* **Down 2.1% year-over-year**

🏘 **Semi-Detached Homes:** $671,700

* **Down 0.5% year-over-year**

🏙 **Row Homes:** $424,400

* **Down 6.2% year-over-year**

🏢 **Apartments:** $309,300

* **Down 7.2% year-over-year**

Most property categories are seeing price adjustments, giving buyers new opportunities while encouraging sellers to price strategically.

What This Means for Buyers

* Rising inventory = more homes to choose from

* Slower price growth may improve affordability

* Well-kept, competitively priced homes still move quickly

If you’re looking to enter the market, conditions may be more favorable than in recent years.

What This Means for Sellers

* Homes are still selling, even with lower year-over-year numbers

* Accurate pricing and strong marketing matter more than ever

* Staging, quality photos, and online exposure help your listing stand out

Need Personalized Advice?

If you're thinking about buying or selling and want a detailed breakdown of your neighborhood or home value, I’m here to help.

For more information or guidance tailored to your needs, reach out to me anytime!