Months of Inventory (M.O.I.) report for the Central Alberta market 2021

central alberta real estate inventory

The local real estate months of inventory or (M.O.I.) rate could be the most important real estate data to impact your real estate buying and selling decisions… and it’s important to understand why.

SUMMARY!
With such low inventory this fall we could see prices continue to nudge upward through the slower part of the real estate market cycle.
It’s either a balanced market or a seller’s market through Central Alberta for detached homes right now. It’s still a great time to sell even in the smaller towns. If you want to do your best by earning the highest price and saving the most money call or text Blake King Realtor® at (403) 350-7672!


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If you need to discuss any real estate news in addition to months of inventory or the critical approach required to maximize your home sale while saving money in 2021 call Blake King with Big Earth Realty (403) 350-7672.

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To encourage normal growth we need months of inventory or M.O.I. 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. It’s the most important real estate news especially if you’re planning to sell your home. When months of inventory levels are high prices stay flat or decrease. When inventory levels are low homes will sell faster and prices will increase.

(Seller’s market) with inventory rate below 3.9 months!
———————————————–
(Balanced market) with inventory between  (3.9-4.3 months m.o.i.)
———————————————–
(Level 2 ) steep buyers market  (4.3 – 5.9 months m.o.i.)
(Level 3) advanced buyers market  (6 – 7.2 months m.o.i.)
(Level 4) extreme buyers market  (7.3+ months m.o.i.)

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.

FIND PAST RESULTS AT WWW.HOMESCOPE.CA

Dec 13 2020, Jan 18, Feb 16, Mar 15, April 19, May 27, June 15, July 13, Aug 31, Sept 13, Oct 9, 2021 – click the link above for previous months m.o.i. numbers. 


Red Deer

properties currently for sale – 297/262/273/276/315/336/348/400/402/407/368
avg # of homes selling ea. month – 84/63/67/99/129/155/155/140/109.5/111/123
M.O.I. currently for sale in Red Deer – 3.5/4.2/4.1/2.8/2.4/2.2/2.3/2.9/3.7/3.7/2.9 m.o.i.

  • (SELLER’S MARKET) with inventory rate below 3.9 months! ⬇︎
  • Gradually inching closer to a more balanced market.

Penhold 

properties currently for sale – 20/15/20/15/27/23/28/22/21/20/22
avg # of properties selling ea. month – 5.5/4/4/5.5/8.5/5.5/6.5/9.5/7.5/7/9.5
inventory currently for sale in Penhold – 3.6/3.8/5/2.7/3.2/4.2/4.3/2.3/2.8/2.9/2.3 m.o.i.
*including Springbrook

  • ((SELLER’S MARKET) with inventory rate below 3.9 months! ⬇︎
  • A great time to sell in Penhold!

Sylvan Lake 

properties currently for sale 93/66/74/74/82/83/90/101/72/69/69
avg # of homes selling ea. month – 17.5/15.5/18.5/26.5/38.5/43/44.5/42/33/35/31
inv. currently for sale in Sylvan Lake – 5.3/4.3/4/2.8/2.1/1.93/2/2.4/2.2/2/2.2 m.o.i.

  • (SELLER’S MARKET) with inventory rate below 3.9 months! ⬆︎
  • Still very low detched home inventory in Sylvan Lake, Ab.

Blackfalds 

properties currently for sale – 59/55/56/63/61/65/79/75/67/73/75
avg # of properties selling ea. month – 18/14/12/19.5/30/32/29.5/28/24/25/18.5
inventory currently for sale in Blackfalds – 3.3/4.1/4.5/3.2/2/2.03/2.7/2.7/2.9/3/4.1 m.o.i.

  • (Balanced market) with inventory between  (3.9-4.3 months m.o.i.) ⬆︎
  • The market balances out in Blackfalds nicely this month

Lacombe 

properties currently for sale – 69/61/66/76/64/67/72/73/78/77/71
avg # of properties selling ea. month – 14.5/12.5/11.5/14.5/29.5/38/29/26/21/20.5/20
inventory currently for sale in Lacombe – 4.8/4.9/5.3/5.2/2.2/1.8/2.5/2.8/3.7/3.8/3.55 m.o.i.

  • (SELLER’S MARKET) with inventory rate below 3.9 months! ⬇︎
  • A nice time to sell in Lacombe, Ab right now

Innisfail 

properties currently for sale – 46/38/47/46/53/59/62/65/53/51/39
avg # of properties selling ea. month – 11/12.5/4/6/13.5/17/18/15.5/12/12/16
inventory currently for sale in Innisfail – 4.2/3/12/7.7/3.9/3.5/3.4/4.2/4.4/4.3/2.4 m.o.i.

  • (SELLER’S MARKET) with inventory rate below 3.9 months! ⬇︎
  • Very low inventory for Innisfail, Ab.

Ponoka 

properties currently for sale – 58/48/46/52/60/60/65/71/61/64/57
avg # of properties selling ea. month – 7.5/8/8/8.5/8.5/13/16.5/23/14/14/14.5
inventory currently for sale in Innisfail – 7.7/6/5.8/6/7/4.6/3.9/3.1/4.4/4.6/3.9 m.o.i.

  • (SELLER’S MARKET) with inventory rate below 3.9 months! ⬇︎
  • Very low inventory for Ponoka, Ab.

Stettler

 properties currently for sale – 33/26/22/37/35/43/43/39/43/40/36
a
vg # of properties selling ea. month – 9/3.5/9/7.5/9.5/12.5/11/13.5/11.5/10.5/13
inventory currently for sale in Stettler – 3.7/7.4/2.4/4.9/3.7/3.4/3.9/2.9/3.7/3.8/2.8 m.o.i.

  • (SELLER’S MARKET) with inventory rate below 3.9 months! ⬇︎
  • Very low inventory for Stettler, Ab.

Find past results at www.HomeScope.ca

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.

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www.HomeScope.ca is where all past Red Deer real estate news, information and stats are located for viewing. Recently however I’m having trouble with the host and access to the site for updates. I’ve had similar service problems over the last 24 months with HomeScope.ca’s current service host so I’ve started www.iOnRealEstate.ca to mirror and gradually replace HomeScope.ca. iOnRealEstate.ca will begin to carry the same important local real estate market news, information and statistics.

Blake King
Big Earth Realty
(403) 350-7672