Cochrane's real estate market saw little change in overall sales compared to the same time last year, according to the latest report from the Calgary Real Estate Board (CREB).
"Gains for detached and semi-detached sales were offset by pullbacks for row and apartment units," says the CREB update.
A total of 101 homes were sold in June, with 117 new listings hitting the market. The sales-to-new-listings ratio reached 59 per cent.
"This slowed the pace of inventory growth, keeping the months of supply just below three months."
The unadjusted benchmark price for a home in Cochrane hit $593,700. That’s nearly one per cent higher than last month and up four per cent compared to last June.
"While conditions are more balanced than they have been, prices in the area continue to rise albeit at a slower pace."
Inventory surged to 299 units, more than doubling compared to the same time last year. The months of supply also increased to 2.96.
CREB noted the market remains stable heading into summer, though growth has levelled out.
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When compared to nearby communities, Cochrane’s detached benchmark price is $686,200. That places it below high-end markets like Canmore, which leads the region at $1.7 million, and Chestermere at $813,800.
Okotoks came in slightly higher than Cochrane at $716,500, while Airdrie and Calgary posted lower averages at $644,000 and $764,300 respectively.
Strathmore and High River reported even more affordable benchmarks, sitting at $556,500 and $591,200.
Cochrane’s year-over-year price growth of 1.9 per cent is moderate compared to Canmore’s 4.4 per cent or Okotoks' 3 per cent, but it remains ahead of Calgary, which saw a slight decline of 0.4 per cent.