Airdrie Real Estate Market Report: February 2015

Alberta’s real estate market is supposed to be slowing, but it seems that Airdrie didn’t get the memo last month.

A total of 98 homes sold in February which was above the 5 and 10 year average for the month, and the 4th busiest February this decade.  Year-over-year, sales were down -7.55%.

Annual price growth was robust, all things considered:

  • average price:  +3.65% from $385,752 to $399,835
  • median price: +5.44% from $379,375 to $400,000
  • benchmark price: +9.38% from $345,600 to $378,000

However, Airdrie faces a similar a market headwind as Calgary, specifically the amount of homes for sale.  Inventory more than doubled to 368 in February, a 164.75% increase from a year ago while new listings were up 55.4%.   This pushed the inventory absorption rate to 3.76 months and should put a damper on prices in the coming months.

Airdrie home sales, February, Y/Y comparison

Airdrie home sales, February, Y/Y comparison

Airdrie Inventory & Sales

Airdrie Inventory & Sales

Airdrie Prices

Airdrie Prices

Airdrie February 2015 stats

Airdrie February 2015 stats

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