July Lethbridge Real Estate Market Update
The Lethbridge market continued to move toward a more balanced market in July, with some noticeable changes:
Sales decreased by approximately 20% compared to the previous period.
More homes are coming onto the market, with inventory increasing by about 5%.
We’re currently sitting at approximately 2.5 months of inventory. A truly balanced market is generally closer to 3.5 months of supply.
What does this mean?
While the market is gradually becoming more balanced, we’re still in seller-favouring territory. Demand also remains strong in certain...
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