House for sale sign. A new report shows that Lethbridge is returning to a more balanced real estate market. (Image Credit: (c) Feverpitched | Dreamstime.com)

By David Opinko

Lethbridge returning to balanced real estate market

Feb 6, 2026 | 9:15 AM

The new year kicked off a bit slower than usual for real estate in Lethbridge.

The Alberta Real Estate Association (AREA) reports that 77 transactions closed in January 2026, which is down by 41.2 per cent from the same period the year prior.

With 162 new listings added this past month, the number of available housing units has increased by 10.9 per cent to 275.

Lethbridge had about 3.57 months of supply in January, which RE/MAX realtors consider to be a “balanced” market. The City had often been below a three-month supply in recent years, giving sellers more power.

According to AREA, homes of all types in Lethbridge sold for an average of $408,896 in January, which is down by 1.8 per cent from the same time last year. However, that is a decrease of 12.8 per cent compared to December 2025.

Nighttime construction on Hwy 3 in Lethbridge starts April 17

Apr 17, 2025

SASHA launches #BuyABed fundraiser to support vulnerable Lethbridge residents

Apr 04, 2025

$20K grants available: TELUS STORYHIVE Pan-Asian Edition opens applications April 1

Mar 18, 2025

READ MORE: Lethbridge home sale prices up 20% in one year

Much of the decrease came from apartments, as the final sale prices fell by 32.6 per cent annually to $219,955.

Semi-detached homes decreased by 7.9 per cent to $387,500, while row homes were down by 1.6 per cent to $308,340.

The only housing type that increased in price was detached homes, which rose by 5.4 per cent to $469,848.

Lethbridge remains more affordable than the provincial average, which was $513,162 (up 2.1%) for all property types.

Calgary was the most expensive at $556,250, while Fort McMurray was the cheapest at $320,270.

You can see all of the housing statistics on AlbertaRealtor.ca

Final sale prices for housing of all types in Alberta, Jan. 2026. (Image Credit: Alberta Real Estate Association / Pattison Media)

Final sale prices for detached homes in Alberta, Jan. 2026. (Image Credit: Alberta Real Estate Association / Pattison Media)

Final sale prices for semi-detached homes in Alberta, Jan. 2026. (Image Credit: Alberta Real Estate Association / Pattison Media)

Final sale prices for row homes in Alberta, Jan. 2026. (Image Credit: Alberta Real Estate Association / Pattison Media)

Final sale prices for apartments in Alberta, Jan. 2026. (Image Credit: Alberta Real Estate Association / Pattison Media)