March 2013 statistics for the City of Medicine Hat showed the average
residential sale price was $259,910. Year to date for 2013 showed an average sale price of $255,742. Monthly residential average prices were up from March 2012 for Medicine Hat(+1 per cent). Residential listings are down from 526 listings as of May 2012 to 365 listings as of April 2013. 2012 vacancy rate was 7.0% and the average rent of a two bedroom apartment was $705 per month, with a 2013 forecasted vacancy rate closer to 6.0%.
(Information provided by Medicine Hat Real Estate Association, CREA, CMHC )