In Alberta, market players and hopeful home owners alike will now have easy online access to more than 18 years of the province’s housing trends and sales data, all presented in a readily comprehensible format.
Last week, the Alberta Real Estate Association launched of its Statistics Dashboard, an interactive online portal that can render data like sales activity, price movements, and inventory into easy-to-understand tables and visual layouts.
Users will also be able to make comparisons between Alberta’s various regions.
“For the first time, the public can get a look into the housing market in an easily digestible format, giving them enough information to understand Alberta market movements on their own accord,” AREA chief economist Ann-Marie Lurie said.
The announcement came amid fresh figures indicating that the market continues to see tight inventory. This is despite slower sales in every Albertan market last month, except in Calgary and Lloydminster.
“Demand for housing still remains slow across most Alberta markets. This does not come as a surprise, as many regions continue to struggle with persistent weakness in the job markets and concerns regarding the province's economic prospects,” Lurie explained. “The current improvements in the housing market are mostly driven by supply adjustments.”
The tool is accessible at the AREA website (albertarealtor.ca), and its figures will be updated on the sixth of each month.
“Most people have an interest in the housing market as it is typically their largest investment,” Lurie added. “The statistics tool can provide them insight into current movements in supply, demand, and prices at both regional and provincial levels.”
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