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Home prices continue to rise with the lack of inventory.
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Home sales were down in both Okotoks and High River in February, but slight recovery was visible in other areas. OkotoksOnline/Harrison O'Nyons
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February was a month of ups and downs for real estate in Okotoks.

According to the Calgary Real Estate Board's monthly update, sales saw a 4.3 per cent decrease year-over-year with 45 units sold, representing a 15.6 per cent decrease from the start of the year.

While inventory is up 19 per cent year over year at 69 units, it's well below historic levels for February.

The unadjusted benchmark price for February, at $616,900, it up just 0.8 per cent from the year prior.

Across the entire Foothills region, that price sat at $639,700.

In High River, sales were down 24 per cent year-over-year, with a year-to-date decline of 23.4 per cent, with just 19 sales.

The 26 new listings represented a 13.3 per cent drop compared to last year.

High River's unadjusted benchmark, while up 3.5 per cent from the year prior, still sits below the average in the Foothills at $487,700.