The real estate market in Okotoks was tight in August, as a result of fewer listings.
According to the Calgary Real Estate Board (CREB) August stats, sales to new listings dropped to 59 per cent in the Foothills Region, a decrease from July’s 71 per cent.
As of August, there were 116 units in inventory, a 29 per cent gain since last year, but down 30 per cent from traditional levels around the same time of year.
While sales have remained steady with long-term trends, there’s been a pullback in new listings, preventing inventory from increasing.
The benchmark price for August was $648,700, a jump from July’s benchmark of $628,500.
Year-to-date benchmark prices were 2 per cent higher than in 2024, with gains across each property type.