Airdrie home sales improved in June but a greater number of new listings nudged inventory to its highest level since 2011.
The 166 homes sold last month was a 8.5% increase from May but a -16% drop year-over-year. New listings pulled back from last June by -4% to 243. Inventory climbed to 384 by month’s end, the most selection buyers have had since May 2011.
Airdrie’s red-hot seller’s market from last year had ping-ponged to a buyer’s market in January and then into a balanced one by June with 2.31 months of supply and a sales-to-new-listing ratio of 0.68.
Benchmark price annual growth slowed to 2.9%, the smallest increase since November 2012 and a far cry from the double digit gains experienced through most of 2014. (Benchmark price growth was 10% or more in 8/12 months in 2014, the lowest was 8.4%)
You can download the City of Airdrie historical stat package along with additional charts here