Central Alberta real estate months-of-inventory MOI report

red_deer_inventory_of_homes_for_sale

Local real estate Months of Inventory (M.O.I.) rate should impact your real estate buying and selling decisions, and it’s important to understand how and why.

!IMPORTANT READ!

Penhold still holds seller’s market status but that can change quickly in a small town. We’re seeing it change for the worse in some of the other Central Alberta cities and towns. Red Deer and Lacombe markets have improved over the last month but the other 5 communities tracked each month are seeing higher M.O.I.. We’ll see spill-over from the spring market with the houses priced to high sitting unsold but total listing should decline into the fall. Note: if your home has sat longer than 3 months it likely won’t sell unless it’s improved upon or priced lower. There is no sign of the market improving with sales very slow still.


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We are still in a buyers market throughout Central Ab. If you need to discuss the critical approach required to maximize home selling results and save the most money in 2019 call Blake King with Big Earth Realty (403) 350-7672.

High inventory will affect prices, however, on the other hand, if you’re a buyer you can take advantage of high inventory with lower prices. The right purchase approach with a well-studied Realtor® will get you prime prices on homes for sale.  save on real estate

To encourage normal growth we need inventory rates below the 5-month range. Scroll down for this month’s inventory rates through Central Alberta.

When buying or selling property take into consideration the local inventory stats. When inventory levels are high prices stay flat or decrease. When inventory levels are low homes will sell faster and prices will increase.

  • (level 1) moderate buyers market  (4.3 – 6 months)
  • (level 2) steep buyers market  (6.1 – 8 months)
  • (level 3) advanced buyers market  (8.1 – 10.4 months)
  • (level 4) extreme buyers market  (10.5+ months)

Below are “single family detached” for sale inventory levels in Red Deer and towns through Central Alberta. The “average # of homes selling ea. month” is calculated using the last 60 day sales.

Here is a link to previous inventory numbers in Red Deer and area.

Nov 11, Dec 12, 2018, Jan 14, Feb 19, Mar 12, Apr 14, May 13, June 17th, July 16, 2019 – click the link above for previous months m.o.i. numbers. 


Red Deer properties currently for sale – 414/361/342/361/379/392/446/481/482
avg # of homes selling ea. month – 68/51/36.5/51.5/63/78/85/82/84.5
M.O.I. currently for sale in Red Deer – 6.1/7.1/9.4/7/6/5/5.3/5.9/5.7 m.o.i.

  • (level 1) moderate buyers market  (4.3 – 6 months) ⬇︎
  • Not a terrible m.o.i. for mid-July.

Penhold properties currently for sale – 28/22/19/24/26/29/27/16/13
avg # of properties selling ea. month – 3.5/4/3.5/2/2/4.5/5/8.5/7
inventory currently for sale in Penhold – 8/5.5/12/13/6.4/5.4/1.9/1.9 m.o.i. *

  • Higher sales and a lower inventory has left the Penhold market with a low m.o.i. Still, a “seller’s market” in Penhold if you can believe it.

Sylvan Lake properties currently for sale 119/108/96/93/103/129/135/146/154
avg # of homes selling ea. month – 14/14/14.5/10.5/9.5/12.5/19/20/19
inv. currently for sale in Sylvan Lake – 8.5/7.7/6.6/9/11/10/7.1/7.3/8.1 m.o.i.

  • (level 3) advanced buyers market  (8.1 – 10.4 months) ⬆︎
  • Too many listings even with better sales.

Blackfalds properties currently for sale – 115/104/92/85/89/104/103/91/91
avg # of properties selling ea. month – 12/8.5/10/10.5/13/13/15.5/15/12.5
inventory currently for sale in Blackfalds – 9.6/12/9.2/8/6.8/8/6.6/6.1/7.3 m.o.i.

  • (level 2) steep buyers market  (6.1 – 8 months) ⬆︎
  • Inventory decreases to help m.o.i.

Lacombe properties currently for sale – 93/75/70/74/79/96/107/102/99
avg # of properties selling ea. month – 13/9.5/6.5/7.5/10.5/11/13/15/17   
inventory currently for sale in Lacombe – 7.2/8/10.8/9.9/7.5/8.7/8.2/6.8/5.8 m.o.i.

  • (level 1) moderate buyers market  (4.3 – 6 months) ⬇︎
  • Slightly fewer listing and slightly higher sales help.

Innisfail properties currently for sale – 60/58/53/61/61/79/84/83/87
avg # of properties selling ea. month – 7.5/4.5/1/5.5/5.5/3.5/6/12/11
inventory currently for sale in Innisfail – 8/13/53/11/11/22/14/6.9/7.9 m.o.i.

  • (level 2) steep buyers market  (6.1 – 8 months) ⬆︎
  • Higher inventory won’t help the Innisfail market.

Ponoka properties currently for sale – 46/50/39/50/44/59/61/67/72
avg # of properties selling ea. month – 7.5/6/3/3.5/5/5.5/9/10/5.5
inventory currently for sale in Innisfail – 6.1/8.3/13/14/8.8/11/6.8/6.7/13.1 m.o.i.

  • (level 4) extreme buyers market  (10.5+ months) ⬆︎
  • The Ponoka market is in very bad shape with way too much inventory!

Stettler properties currently for sale – 46/40/37/36/33/34/42/48/54
avg # of properties selling ea. month – 8/4/2/3.5/4.5/5.5/7.5/9.5/9
inventory currently for sale in Stettler – 76/10/18.5/10.3/7.3/6.2/5.6/5/6 m.o.i.

  • (level 1) moderate buyers market  (4.3 – 6 months) ⬆︎
  • Stettler is trending better each month.

Here is a link to previous inventory numbers in Red Deer and area.

Even with high inventory, homes still sell, but the price is key **list slightly too high and your property will sit indefinitely if home prices aren’t increasing. Allowing your home to sit ‘for sale’ for months will affect its value now and down the road.

Learn how to buyer sooner, save the most money and find that home that’s perfect for you!

The Months of Inventory (M.O.I.) in your real estate market might be one of the most important factors to consider when buying and/or selling your home and it’s often overlooked. To understand exactly how stats impact your purchase strategy and make you more money when selling, contact Blake King with Century 21 Advantage (403) 350-7672 or email hello@blakeking.ca

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About the Author

Blake King
Having lived in Red Deer my entire life and having experience in many avenues of real estate I offer enormous value to my clients.