October 2019 Market Report

Further improvements in sales this month pushed overall year-to-date sales nearly 2 percent higher than last year.  At the same time, new listings also rose, keeping inventories elevated compared to last year.  However, given the sales activity for the second month in a row, the months of supply has eased compared to the previous year and sits below long-term trends for this time of year. 

While earlier in this year our Lethbridge market was demonstrating some signs of buyers' conditions, as of late, conditions have improved into more balanced territory and prices continue to improve over last year's levels.