Airdrie Community Reviews

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Airdrie March reported 203 sales and 218 new listings. While both new listings and sales improved, with a sales-to-new listings ratio of 93 per cent, inventory levels were 22 per cent below last year and 56 per cent below typical March levels. With less than one month of supply, it is not surprising that we continue to see upward pressure on home prices. In March, the benchmark price reached $540,400, a monthly gain of two per cent and a year-over-year increase of over nine per cent. Prices improved across all property types, with stronger year-over-year gains for the relatively lower-priced row and apartment-style products.

With less than one month of supply, it is not surprising that we continue to see upward pressure on home prices. In March, the benchmark price reached $540,400, a monthly gain of two per cent and a year-over-year increase of over nine per cent. Prices improved across all property types, with stronger year-over-year gains for the relatively lower-priced row and apartment-style products.

Airdrie Real Estate Market Heats Up The Airdrie real estate market continued its upward trend in March 2024, with strong buyer demand pushing prices higher. While new listings increased compared to previous months, they weren't enough to keep pace with sales activity. This resulted in a seller's market with limited inventory and rising prices.

Sales and Inventory Airdrie reported 203 homes sold in March, reflecting a healthy level of buyer activity. This was accompanied by a rise in new listings, reaching 218 properties. Despite the increase, the sales-to-new listings ratio remained high at 93%. This indicates a tight market where demand significantly outstrips supply.

The impact of low inventory is evident in year-over-year comparisons. Inventory levels currently sit at 22% below what was seen in March 2023 and a staggering 56% lower than typical March levels. With less than one month of supply available, buyers face limited options and increased competition for desirable properties. Price Trends The constrained supply directly affects home prices. The benchmark price in March reached $540,400, representing a 2% increase from February and a significant 9% year-over-year gain. Price growth was observed across all property types, with stronger gains for more affordable options like row houses and apartments. This suggests that a wider range of buyers are entering the Airdrie market, seeking value in a competitive environment.

Market Outlook The Airdrie real estate market is expected to remain active throughout 2024. With ongoing low inventory and high demand, buyers should be prepared to act quickly and potentially engage in bidding wars. Sellers, on the other hand, can benefit from this environment, potentially achieving strong selling prices. However, long-term market trends remain to be seen, and potential buyers and sellers are advised to stay informed and consult with a qualified Airdrie realtor for personalized guidance.