Medicine Hat Real Estate Update December of 2024

December sales were 58, a 1.7 percent decrease year-over-year. Inventory fell significantly, down 38 percent year-over-year. With 52 new listings, the sales to-new-listings ratio dropped to 112 percent as inventory levels continued a downward trend. Months of supply jumped to 1.64 in December but is down 37% year over year. Year-over-year average prices have decreased by 2.8 percent. Prices are up across property types year-to-date and year over year, but flat for detached y/y.