Sales this month reached new record highs and are more than double the levels traditionally seen in March. Like most markets, Cochrane has struggled with strong demand relative to the supply. Inventory levels did edge up over last month but with only 86 units available, it is still among the lowest levels of March inventory recorded for the town. It was also the fifth consecutive month that the months of supply remained below one month.
The persistently tight market conditions resulted in further price gains. In March, the benchmark price reached $520,000, which is nearly six per cent higher than last month and 23 per cent higher than last year’s levels.