Although sales are heading downwards, the prices of those sales are still on the rise in Airdrie when it comes to houses.

The Calgary Real Estate Board (CREB) released some statistics for Airdrie when it comes to the housing market in March.

The sales-to-new listings ratio increased to 76 per cent in March with 154 sales and 203 new listings, and inventory levels dropped to their lowest levels for the month since 2014. 

"While conditions are not as tight as they were last year, the months of supply did fall to the lowest level seen in over eight months," explained the CREB.

Since January 2021, Airdrie's months of supply have not exceeded two months, and the ongoing trend this year has prompted prices to become higher in comparison to levels recorded at the end of 2022.

The CREB also explained, "In March, the benchmark price reached $497,400, a two per cent gain over last month."

Despite recent gains, levels are still below the monthly top of $510,700 observed in April 2022 and are about 2 per cent lower than they were a year ago.

Even if prices are still below where they were at their peak last year, they've increased in this market overall over the past few years. The benchmark price has increased by more than 20 per cent since March 2021, when the values were last reported.

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