AIRDRIE REAL ESTATE MARKET GLANCE
(May 3 2023)
CREB REGION REPORT : AIRDRIE :
While sales in April trended up compared to last month, new listings eased, causing the sale-to-new listings ratio to once again push near 100 per cent, and inventories fell to the lowest April reported since 2007. While conditions are not as tight as last April, with one month of supply, conditions continue to favour the seller.
Limited choice compared to demand contributed to the upward pressure on home prices compared to earlier this year. As of April, the benchmark price reached $502,000, an improvement from the $480,200 reported in January but nearly two per cent below the April 2022 record high of $510,700.