City of Grande Prairie Statistics - December 2020

Market Trend Summary

Year over year gains in December sales were not enough to offset earlier

pullbacks as annual sales totalled 1,101, an 18 per cent decline over the

previous year. This is the weakest level of sales seen since the 2016 recession.

Unlike other centres, Grande Prairie did not see the same pullback in new

listings and inventory levels rose over the previous year. This also caused the

months of supply to trend up to levels that are more consistent with the buyer's

market conditions.

With no significant supply adjustment to offset slower sales, prices generally

trended down. However, like many other centres, the declines were higher for

both row and apartment style products versus the adjustments recorded in the

detached sector of the market.

City of Grande Prairie December 2020

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