With 110 new listings and 85 sales, the sales-to-new-listings ratio remained at 77 per cent for the month of July in Cochrane.
In its summary of the month's activities, the Calgary Real Estate Board (CREB) says this helped contribute to a modest gain in inventory levels, and the months of supply rose to nearly two months. There were 156 homes available for purchase at the end of the month.
Despite this shift, conditions remained exceptionally tight, and prices continued to trend up. As of July, the unadjusted benchmark price reached $529,700, nearly one per cent higher than last month and over three per cent higher than last July.
Price growth has occurred across all property types, and Cochrane's detached benchmark price now sits at $626,100.
Benchmark prices pushed to $655,100 in Okotoks, and for the first time rose above $600,000 in Airdrie.