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.