OKOTOKS REAL ESTATE MARKET GLANCE
(May 3 2023)
CREB REGION REPORT: OKOTOKS MAY 3 2023:
Both sales and new listings trended up in April over levels seen earlier in the year, supporting some monthly gains in inventory levels. However, with only 67 units in inventory, levels are 66 per cent below long-term trends for the month and reflect the lowest April since 2006.
With just over one month of supply that has persisted for the past three months, we have seen further upward pressure on home prices in the town. As of April, the un-adjusted benchmark price reached $577,300, nearly five per cent higher than last April and a new record high.