Housing inventory remains low and that's keeping prices high.
According to the Calgary Real Estate Board, there were 48 new listings in October in Okotoks with 41 home sales.
The board's monthly report says those low inventory levels have likely prevented stronger sales activity, as year-to-date sales have declined by 26 per cent, primarily due to pullbacks in detached activity.
The unadjusted benchmark price rose slightly over September.
Prices have increased across all property types, but the year-over-year gains have been highest for detached and semi-detached homes.
The benchmark price for a detached home in Okotoks is $650,900 compared to $517,000 in High River,
The benchmark for all types of homes in Okotoks is $582,800 up 9.3 per cent year over year, while in High River it's at $445,400 up 9.2 per cent year over year.
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Sat, Jul 27, 9:00 AM
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