Airdrie Real Estate Market Report: June 2015

Airdrie June 2015 statistics

Airdrie June 2015 statistics

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

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