The number of house sales in Okotoks is down over the first four months of 2025, according to statistics released by the Calgary Real Estate Board.
The board’s April statistics package for the Calgary region shows a year-to-date decline of 16 per cent.
According to the board, sales have been restricted by a lack of supply over the past few years, however that is starting to change as inventory levels increased in April, although they remain below long-term trends for the month.
The board states that modest gains in inventory have slowed the pace of price growth, with the benchmark price, which is the price of a typical home in an area, sitting at $627,100 in April, down slightly from the all-time high of $630,300 in March.
Prices are up 1.9 per cent year over year.
The detached benchmark price also dropped marginally in April to $708,400, down from $715,500 a month earlier.
There were 56 sales in Okotoks in April, once again putting it below the 10-year average for the month.
The most active sectors of the market were $600,000 to $699,999 and $700,000 to $799,999, which both saw 11 sales.
There was only one sale above $1 million in April, down from six in the same month last year.
In High River, the benchmark price set a new all-time high of $501,800 in April, topping the previous mark of $497,800 from a month earlier. Prices are up 5.1 per cent year over year.
There were just 23 sales in High River last month, the lowest April since 2020.
