Airdrie Home Sales Update
Sales activity remained strong in April, as purchasers took advantage of the gains in new listings this month. The recent rise in new listings has caused inventories to increase relative to the past several months, but it did little to ease the sellers' market conditions that have existed since last year.
Persistent sellers' market conditions placed upward pressure on prices, which as of April sit nearly 10 per cent higher than last year.
Prices started improving last year, but over the past several months the months of supply have been just over one month, contributing to the faster pace of price growth this month.
As of April, the benchmark price was $365,100. This is only slightly lower than record highs, due to lower price figures from the apartment and row sectors. Both the detached and semi-detached sectors have seen prices fully recover to previous highs.