House prices in Okotoks and High River have been on an upward trend as we hit the middle of summer.

The Calgary Real Estate Board issued its monthly statistics for July last week, and the situation continues to favour sellers as prices rise.

Prices in both communities trended up over last month, with the benchmark price in Okotoks reaching $586,900. 

Prices now sit over seven per cent higher than last year, with the most significant year-over-year gain occurring in the semi-detached sector. 

There were 78 new listings and 67 sales reported in July, keeping the sales-to-new-listings ratio elevated at 86 per cent and preventing any significant shift in inventory levels. 

The detached benchmark prices pushed up to $655,100 in July.

In High River, the detached benchmark price is at $528,700, up 9.3 per cent year over year.

There were 39 new listings and 33 sales, leaving an inventory of 51 homes for sale.