Alberta city sees detached home prices jump by 20%

Home prices in Alberta are mostly steady, with the average detached home price at $602,339, up 3.5% year-over-year. Lethbridge saw a significant 20% increase in detached home prices, reaching $502,790. Prices declined in Medicine Hat, Calgary, and Grande Prairie. Sales dropped 7.1%, new listings rose 4.2%, and inventory increased 20.7%. Grande Prairie has the tightest supply with 1.27 months, while Calgary and Edmonton see loosening supplies.