Central Alberta Market Insights

Inventory levels in Central Alberta have increased compared with last year, with 897 active listings at the beginning of February compared to 782 a year ago. While supply has improved, buyer demand has remained steady, with February sales rising slightly year-over-year from 313 to 322 transactions. With roughly 2.8 months of inventory based on current sales activity, the market continues to favour sellers, although conditions are gradually becoming more balanced as listings increase.

Prices continue to trend upward across the region. The average residential sale price reached $472,500 in February 2026 compared with $401,430 a year earlier, while the median price increased to $415,000 from $369,900. At the same time, homes are taking somewhat longer to sell, with average days on market increasing from 50 to 62 days. This suggests that while demand remains healthy, buyers are becoming slightly more deliberate as inventory improves.

The Alberta economy continues to support housing demand through strong population growth and interprovincial migration, along with housing prices that remain relatively affordable compared with many Canadian markets. These factors are helping maintain steady buyer activity in Central Alberta even as interest rates and broader economic uncertainty encourage a more measured pace in the market.