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HomeNewsLethbridge continues to be a sellers market: AREA report

Lethbridge continues to be a sellers market: AREA report

Lethbridge continues to be a sellers market according to the latest report from the Alberta Real Estate Association.

According to AREA, April saw a six per cent year over year uptick with 193 properties sold in the city. The monthly average price was $374,271 which the real estate association says is an 11.6 per cent increase from the same month in 2023. The majority of properties sold in the market were detached homes that averaged $429,256.

Lethbridge’s sales-to-new-listings ratio increased to 83 per cent in the fourth month of 2024, with 236 new listings going on the market. However, compared to historical data, tha number was down, specifically seeing a 30 per cent decrease from the same month last year.

In the first four months of 2024 total sales in Lethbridge were up 15 per cent, with the total average price seeing an 11 per cent uptick to $371,590.

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