Airdrie
Sales continued to trend down in October, contributing to a year-to-date decline of 13 per cent. While sales declined across all property types, the largest year-to-date declines occurred in row and semi-detached homes. Competition from the new home market as well as competing supply in other centres and Calgary has weighed on resale activity this year. In October, new listings also slowed, contributing to further pullbacks in inventory levels and keeping the months of supply at just over four months. The additional supply choice has weighed on resale prices, which are down by nearly five per cent on a year-to-date basis. Prices eased across all property types. In October, the unadjusted detached benchmark price dropped to $587,300, bringing the price difference between Airdrie and Calgary back to 20 per cent.
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