Medicine Hat Real Estate Board

Medicine Hat Market Conditions


Single Detached

Months of inventory for single detached homes numbered 2 at the end of the second quarter of 2021, down from the 3.3 months recorded at the end of the second quarter of 2020.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a tighter market, homes spent less time on the market in the second quarter of 2021 than they had a year earlier.

The median number of days on market for single detached homes was 27 in the second quarter of 2021, down from 50 days in the second quarter of 2020.