Prices are still going up when it comes to buying houses in Airdrie.
The Calgary Real Estate Board (CREB) has released their statistics for September house sales in Airdrie and selling a house is a good spot to be in.
Although prices are going up, according to CREB, the sales-to-new-listings ratio dropped to 70 per cent, this is the first time this has happened since 2020 with 204 new listings and 144 sales.
"Improved new listings compared to sales helped support a modest monthly gain in inventory levels. However, September inventory levels are still amongst the lowest levels reported since 2005, keeping the months of supply exceptionally low with just over one month," stated CREB.
In September, the unadjusted benchmark price reached $518,000 in Airdrie, up from $514,100 last month. This is an eight per cent increase compared to September last year.
"Price gains have occurred across all property types, with the largest year-over-year gains occurring in the apartment condominium sector."
Our neighbours to the west, Cochrane, actually saw a slight decrease in the unadjusted benchmark price which is $532,700 compared to last month's $534,700.
Calgary saw the slightest of decreases when it came to detached homes, now sitting around $696,100, while last month was sitting at $696,700.
In response to Canada's Online News Act and Meta (Facebook and Instagram) removing access to local news from their platforms, DiscoverAirdrie encourages you to get your news directly from your trusted source by bookmarking this page and downloading the DiscoverAirdrie app