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Okotoks
Inventory levels in Okotoks continued to remain exceptionally low in May. With only 84 units in inventory, levels are 55 per cent lower than what is traditionally available in the market. While new listings improved slightly in May, the 100 new listings were met with 75 sales, keeping the sales-to-new listings ratio elevated at 75 per cent.
With one month of supply in the town, it is no surprise that we continue to see upward pressure on home prices. In May, the unadjusted residential benchmark price rose by one per cent over last month and is over eight per cent higher than last year’s. Prices ranged from $262,500 for an apartment condominium to $699,600 for a detached home.
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