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.

!IMPORTANT READ!
Every municipality we look at in Central Alberta is experiencing a “seller’s market” right now except one. Ponoka is lagging because listings are up but sales are staying almost the same from month to month. If you are planning to sell right now do it fast. As we speak it is the busiest part of the spring market and there are not enough homes on the market. If you want to do your best by earning the highest price and saving the most money call or text me 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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NOTE!
High inventory will affect prices
, however, on the other hand, if you’re a buyer you can take advantage of high inventory at lower prices. The right purchase approach with an astute Realtor® can get you a very lower purchase price.

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 4.3 months!
———————————————–
(level 1) moderate buyers market  (4.3 – 6 months m.o.i.)
(level 2) steep buyers market  (6.1 – 8 months m.o.i.)
(level 3) advanced buyers market  (8.1 – 10.4 months m.o.i.)
(level 4) extreme buyers market  (10.5+ 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, 2021 – click the link above for previous months m.o.i. numbers. 


Red Deer

properties currently for sale – 297/262/273/276/315
avg # of homes selling ea. month – 84/63/67/99/129
M.O.I. currently for sale in Red Deer – 3.5/4.2/4.1/2.8/2.4 m.o.i.

  • (Seller’s market!) with inventory rate below 4.3 months! ⬇︎
  • Even lower than last month!

Penhold 

properties currently for sale – 20/15/20/15/27
avg # of properties selling ea. month – 5.5/4/4/5.5/8.5
inventory currently for sale in Penhold – 3.6/3.8/5/2.7/3.2 m.o.i.
*including Springbrook

  • Seller’s market!) with inventory rate below 4.3 months! ⬇︎
  • Still a sellers market in Penhold/Springbrook!

Sylvan Lake 

properties currently for sale 93/66/74/74/82
avg # of homes selling ea. month – 17.5/15.5/18.5/26.5/38.5
inv. currently for sale in Sylvan Lake – 5.3/4.3/4/2.8/2.12 m.o.i.

  • (Seller’s market) with inventory rate below 4.3 months! ⬇︎
  • The lowest months-of-inventory rate in Central Alberta right now! Look below!

Blackfalds 

properties currently for sale – 59/55/56/63/61
avg # of properties selling ea. month – 18/13.5/12.5/19.5/30.5
inventory currently for sale in Blackfalds – 3.3/4.1/4.5/3.2/2 m.o.i.

  • (Seller’s market) with inventory rate below 4.3 months! ⬇︎
  • I haven’t seen inventory this low in years!

Lacombe 

properties currently for sale – 69/61/66/76/64
avg # of properties selling ea. month – 14.5/12.5/11.5/14.5/29.5
inventory currently for sale in Lacombe – 4.8/4.9/5.3/5.2/2.2 m.o.i.

  • (Seller’s market) with inventory rate below 4.3 months! ⬇︎
  • Another incredibly low m.o.i. number!

Innisfail 

properties currently for sale – 46/38/47/46/53
avg # of properties selling ea. month – 11/12.5/4/6/13.5
inventory currently for sale in Innisfail – 4.2/3/12/7.7/3.9 m.o.i.

  • (Seller’s market) with inventory rate below 4.3 months! ⬇︎
  • Maybe the highest inventory in Central Ab but still as seller’s market!

Ponoka 

properties currently for sale – 58/48/46/52/60
avg # of properties selling ea. month – 7.5/8/8/8.5/8.5
inventory currently for sale in Innisfail – 7.7/6/5.8/6/7 m.o.i.

  • (level 2) steep buyers market  (6.1 – 8 months m.o.i.) ⬆︎
  • Well, nobody moving in Ponoka even with the hyperactivity nearby?

Stettler

 properties currently for sale – 33/26/22/37/35
a
vg # of properties selling ea. month – 9/3.5/9/7.5/9.5
inventory currently for sale in Stettler – 3.7/7.4/2.4/4.9/3.7 m.o.i.

  • (Seller’s market) with inventory rate below 4.3 months! ⬇︎
  • Stettler is also experiencing a seller’s market!

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

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