Jeff  van de Bennet

Jeff van de Bennet

Associate Broker

Century 21 Foothills South Real Estate

(403) 795-8675
(403) 394-7721
Email Me

February 2024-MLS-Sales-Stats Lethbridge

Lethbridge Home Prices Trending Upwards - Based on limited supply and high demand. 

In February we saw a 30% decrease in inventory and a 30% increase in total sales year over year which is the most drastic variation I've seen in a while. There is a lot of pent up buyer demand and increased net migration to Southern Alberta and Lethbridge.
A lot of sellers are cashing out of higher priced markets and moving here where Real Estate Prices are still relatively affordable comparably. If you're looking to buy you definitely need to be prepared and expect some possible challenges and more than likely
multiple offer situations, all simply based on the current low inventory.