Alberta City Experiences Nearly 50% Surge in Home Sales
The real estate market in Alberta is exhibiting varied trends. While many areas are experiencing a downturn, Medicine Hat stands out with a remarkable surge in home sales.
Alberta City Experiences Nearly 50% Surge in Home Sales
According to the Alberta Real Estate Association (AREA), Medicine Hat reported a staggering 48.8% increase in home sales year-over-year for January 2026, with a total of 64 transactions. This marks a significant achievement in a province where many cities are struggling.
Market Statistics for January 2026
- Sales in Medicine Hat: 64 sales (up 48.8% year-over-year)
- Sales in Red Deer: 96 sales (up 1.1% year-over-year)
- Average price increase in Medicine Hat: 19%
- Months of supply: 1.84 (down 26% year-over-year)
In contrast, the overall sales in Alberta dropped by 19.2% compared to the previous year. This decline is particularly evident among row housing and apartments, continuing a downward trend for the tenth consecutive month. Notably, new listings decreased by 1.3% year-over-year, while inventory increased by 11.6% during the same period.
Average Price Changes
- Apartments: +32.2%
- Detached homes: +9.3%
- Row homes: +1.8%
- Semi-detached homes: -1.8%
The sales-to-new listings ratio fell to 47%, indicating a shift towards a buyers’ market. On a provincial level, the overall months of supply climbed to 3.84, representing a 38.1% year-over-year increase.
Regional Insights
Calgary and Edmonton are witnessing a loosening of housing supplies, while Grande Prairie remains constrained with only 1.64 months of supply. Fort McMurray has also seen an increase, reaching 4.47 months.
Interestingly, the year-to-date average prices have declined across most regions, except for Calgary, which saw a slight increase of 2%, and Medicine Hat, which experienced a significant rise of 19%.
For real estate investors and homebuyers, the current dynamics in Alberta’s market present distinct opportunities, especially in the City of Medicine Hat.
