Airdrie Market Resilient In May 2015

Airdrie May 2015 statistics (click to enlarge)

Airdrie May 2015 statistics (click to enlarge)

Second highest May sales total.

Third best year-to-date sales total.

Average and median prices within 1% from a year ago.

Benchmark price up 3.82%  year-over-year.

Airdrie’s real estate market has been resilient thus far, despite reports that our province is headed into an unavoidable recession.

Granted, the market has cooled markedly compared to last year:  inventory has doubled, shifting the red hot seller’s market into a balanced one with 2.4 months of supply.

Year-to-date, the average price has slipped -0.37% from the same period last year while the median is up 0.78%.   The benchmark price is showing 7.1% annual growth.

Zeroing in just on May, however, we see that the benchmark price growth was just 3.8% above last year, the smallest gain since December 2012.

All in all, a steady as she goes type of month with no surprises.

You can download the Airdrie 10-year historical statistics here pdf
You can download CREB®’s Airdrie stat package for May here pdf

Airdrie home sales, May 2015, Y/Y comparison

Airdrie home sales, May 2015, Y/Y comparison

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s