Grande Prairie housing market
HM-INT-0064
Grande Prairie home sales slowed in August while prices continued to rise
Grande Prairie recorded 119 residential sales in August 2026, down 24% from a year earlier. Inventory increased 21% to 228 homes, yet supply remained tight at 1.92 months. The average residential price rose 6.1% year over year to $402,523, while detached homes averaged $441,040, up 2.7%.
30-second version
What changed?
August residential sales in Grande Prairie fell 24% year over year to 119 transactions.
Inventory increased 21% to 228 homes, but months of supply remained low at 1.92.
Average residential prices still increased 6.1% year over year to $402,523.
Confirmed facts
What the source record confirms.
These details come from the supporting records listed with this Intelligence Record.
119 August sales
Grande Prairie recorded 119 residential sales in August 2026, down 24% from August 2025.
228 active listings
Inventory rose 21% year over year to 228 homes.
1.92 months of supply
Months of supply remained below two months despite the increase in inventory.
$402,523 average price
The average residential sale price rose 6.1% year over year, while detached homes averaged $441,040, up 2.7%.
Hoffos | Menzies interpretation
Why this may matter.
This section is analysis. It is separated from the confirmed facts above.
- 01
Sales activity has cooled faster than prices because supply remains relatively tight.
- 02
For buyers, softer sales volumes may create more negotiating room than earlier in the year even while headline prices remain firm.
- 03
For sellers, more inventory means pricing and presentation matter more, especially in segments where days on market begin to rise.
Monitoring
What we are watching next.
September sales, inventory and months of supply.
Days on market and price reductions by neighbourhood and property type.
Fixed mortgage pricing and whether borrowing costs begin to change buyer demand.
Rental supply additions and whether they affect entry-level buyer demand.
Sources
Read the supporting records.
Connected Intelligence
Continue with the part connected to your decision.
Review and expiry rule
This record stays dated.
Review when September local housing data is released or earlier if inventory, pricing or borrowing costs change materially.
Important information
This Intelligence Record is general real estate market information. Average prices and market-wide statistics do not determine the value of a specific property.
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