While housing in Okotoks remains competitive, July brought a bit of a breather.
According to the Calgary Real Estate Board's (CREB) July statistics, the town's sales-to-new-listings ratio dropped to 71 per cent; still tighter than in Cochrane and Airdrie, but down from June's 87 per cent.
Inventory also grew, with months of supply rising to nearly 2.2. That's roughly double the average for July over the past few years, when it hovered just above one month.
The benchmark price in July was $628,500, slightly lower than June's $632,800. It was the second straight month of modest price declines, but still higher than last year's level.
Year-to-date, prices remain more than two per cent above 2024, pointing to sustained demand despite some month-to-month fluctuations.