Balanced Conditions Return to Cochrane’s Real Estate Market in October
With fewer new homes coming to market the months of supply of inventory sits at just over four months which is considered just inside balanced market territory.
The benchmark price in Cochrane remains stable at $585,200, sitting just over 2% higher than last October. This may be attributed to a greater share of newly built homes entering the resale market.
Overall, Cochrane continues to experience a balanced but active fall market, with steady demand meeting a more moderate level of new supply. For both buyers and sellers, conditions remain favourable heading into the winter months, with well-priced, well-presented homes continuing to attract solid interest.