Okotoks market activity cooled in the month of July as families were out enjoying the warm summer weather, Canada Day festivities and the Calgary Stampede.
The number of Sales for detached properties in Okotoks decreased to 36 from 43 in June.
The number of New Listings also decreased. In July we saw 69 new listings where in June we saw 85.
Median Sale Price also saw a decrease with MSP of $437,750 compared to $450,000 in June.
Average Days on Market (DOM) stayed the same at 43.
We may see a slight increase in activity throughout August as families start to think about making a move before the cold weather arrives (yikes!)
Although July was slower than previous months, the decrease if fairly minimal. Okotoks is still the place to be!
Remember, I'm always available to answer your real estate related questions :) Enjoy the month of August!