Home sales activity continues
to cool in June

Residential activity reported through the MLS® System of the Central Alberta REALTORS® Association remained down from year-ago levels in June 2010.

According to statistics provided by the Board, home sales numbered 313 units in June 2010, a decline of 32 per cent from the same month last year. Provincial activity, by comparison, was down 35 per cent on a year-over-year basis in June.

The dollar value of all home sales totalled $83.2 million in June 2010, down 33 per cent from a year earlier. The dollar value of all homes sold in the province also declined 33 per cent from year-ago levels.

Total sales activity was down 30 per cent from a year earlier to 373 units in June. The total value of all property sales amounted to $102.8 million in June 2010, down 32 per cent from year-ago levels.

New residential listings on the Association's MLS® System climbed 14 per cent from a year earlier to 991 units in June. There were 3,386 active residential listings on the Association's MLS® System at the end of June 2010, rising 26 per cent from the same month last year.

There were 10.8 months of inventory at the end of June 2010, well above the 5.8 months reported at the end of June 2009. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

There were 10.8 months of inventory at the end of June 2010, well above the 5.8 months reported at the end of June 2009. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The Central Alberta REALTORS® Association is an MLS® listing co-operative, representing more than 640 REALTORS® located in Red Deer and throughout Central Alberta. Details and photos of all Central Alberta REALTORS® Association listings can be found on the national public web sites www.REALTOR.ca (residential properties) and ICX.CA (commercial and investment properties).

Contacts: Sandi Gouchie, President 403-782-3183
Nancy Mackie, Executive Officer 403-343-0881

MLS® STATISTICAL NEWS RELEASE

Starting in January 2009, the Central Alberta REALTORS® Association Real Estate Board Co-op Ltd. started issuing monthly News Releases again, and will be posted on our website.

	BUSY SPRING HOUSING MARKET MEANS MORE CHOICE FOR BUYERS May 2010 News Release		Rising Mortgage Rates - Boosts Housing Market in Central Alberta April 2010 News Release
	Rising Mortgage Rates - Boosts Housing Market in Central Alberta March 2010 News Release		2010 Central Alberta Houseing Market Outlook 2010 Forecast for Residential Real Estate in Central Alberta
	2010 Forecast for Residential Real Estate in Central Alberta 2010 Forecast for Residential Real Estate in Central Alberta		Archived News News Associated with 2009/2008/2007

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