☀️ July 2025 Lethbridge Real Estate Market Update

As summer hits its stride, the Lethbridge housing market remains a dynamic space filled with both opportunity and competition. Here’s what you need to know this month:

📈 1. Surging Prices & Steady Growth

The average home price in Lethbridge reached approximately $445,000 in April 2025 — an 8.3% year-over-year increase.
Detached homes have averaged around $450,600, while condos surged nearly 76% to $295,000.

🏡 2. Tight Inventory, Hot Price Brackets

Inventory is sitting at a very tight 1.5 months of supply, creating a classic seller’s market.
Most demand clusters around the $300K–$500K price range — these homes spend the least time on market.

🚚 3. Interprovincial In-Migration

Interest from buyers in Ontario, B.C., and the Maritimes continues to grow, drawn by Lethbridge’s affordability and lifestyle perks.

🏢 4. Investor Attention & Rising Rental Rates

1-bedroom rental units now average around $1,393/month (up 15%).
2-bedroom units are up 11% to around $1,559/month.
Multi-family properties and acreages are gaining attention from both local and out-of-province investors.

💸 5. Cost of Ownership

The median listing price for a single-family home is hovering around $488,000.
Typical home buying costs (down payment, legal fees, inspection, property taxes) add another 5–10% to the total.

📊 6. What This Means for Buyers & Sellers

For Sellers: July is a prime time to list. Well-priced homes between $350K and $550K are moving fast with competitive offers.

For Buyers: With inventory low and competition high, getting pre-approved and being ready to act quickly is crucial to success.

🔮 Looking Ahead: Summer Forecast

Interest rates may dip by 0.5–0.75% before fall, likely spurring even more buyer activity.
Continued tight inventory could result in modest bidding wars, especially in popular price ranges.
Neighbourhoods to watch: West & South Lethbridge for schools and amenities, and North Lethbridge for value buys.

🌸 Final Thoughts

July in Lethbridge is heating up — and so is the real estate market! Sellers are well-positioned for solid returns, while buyers need a strategic, fast-paced approach to navigate this competitive market. With the right timing and local expertise, this month presents excellent opportunities for both.

📞 Ready to Make a Move?

Thinking about selling or buying in Lethbridge this summer? Reach out today for:

A free, no-obligation home evaluation
Pre-approval guidance
Access to upcoming listings and off-market investment opportunities

Visit us at www.property-twins.com — Let’s make this your best move yet in 2025!