Real Estate Board president expects industry to keep growing in Medicine Hat this year
MEDICINE HAT, AB — Experts are predicting a strong year for the housing market in Medicine Hat following record-breaking sales in 2021.
Last year was a great year for the real estate industry, the market was very active leading to an increased number in sales while low inventory caused the market to favour sellers.
Statistics by the Canadian Real Estate Association indicate that in 2021 Medicine Hat had 1386 residential sales which is up 37 per cent from the previous year. The average selling price of detached homes increased about four per cent to $302,500 and the average price of all properties increased by three per cent.