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Market Trend Summary City of Lethbridge Monthly Statistics 21.3% $ 317,409 6.2% Y/Y INVENTORY DETACHED AVERAGE PRICE 5.6% 37.6% ROW AVERAGE PRICE APARTMENT AVERAGE PRICE MONTHS OF SUPPLY $ 237,889 Lethbridge housing market is showing no signs of letting up as sales hit another record high for July. Year-to-date, there have been 1,487 sales in the city, a record high and over 55 per cent higher than longer-term trends in the area. At the same time, new listings trended down in July, causing further declines in inventories. Easing inventory levels relative to strong sales ensured the months of supply remained at two months, significantly lower than levels we traditionally see in July and reflect the tightest conditions since 2007. Persistently tight conditions have been impacting the prices in the market this year, especially for detached properties. So far this year, the average price of a detached home rose by nearly 12 per cent.
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Common questions from people considering moving to Lethbridge
Lethbridge pre-construction developments such as condo, townhomes and detached homes available or coming soon in Lethbridge Lethbridge, Alberta. The prices for these developments range widely and the unit sizes also vary. Some developments have not yet released pricing details or begun accepting registrations. It is important to note that the completion dates, pricing, and deposit structure for these developments may be subject to change.
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