Seller's market expected to continue

A relatively tight inventory level means a seller’s real estate market will continue in Cochrane in 2024. The Calgary Real Estate Board (CREB) has released its 2024 forecast for Calgary and region. It offers a detailed analysis of Calgary’s economic and housing market trends and surrounding areas for the upcoming year by CREB chief economist Ann-Marie Lurie. Supply remains an issue but gains in new home starts and new listings are expected to support some modest inventory gains here. Despite a pullback in sales from record highs of the two previous years, the Cochrane housing benchmark increased by 4.16 per cent. Cochrane began 2024 with a benchmark price of $520,942, up from $500,125 at the start of last year.