Cochrane Home Sales Update
Cochrane sales more than doubled compared to last February. This represents the strongest February ever recorded for the town.
New listings also rose for the month, but it was not enough to cause any substantial change in inventory levels and the months of supply fell to below two months. This is the lowest months of supply for February seen since the record low in 2006.
Tight conditions supported price growth in February, as the benchmark price rose to $413,700, a four per cent increase from last year’s levels.