Since June last year, Airdrie has seen a large price increase in housing, according to the Calgary Real Estate Board (CREB).

CREB has released their monthly numbers for June, and statistics are still looking favourable for the seller, with prices rising.

June sales remained relatively stable compared to last year at levels that remain well above long-term averages.

"At the same time, we saw a boost in new listings this month compared to last year. However, with 269 new listings and 209 sales, the sales-to-new-listings ratio remained elevated at 78 per cent, keeping inventories relatively low based on historical standards," stated CREB.

The most affordable sectors of the market are facing the most challenging circumstances in Airdrie, similar to Calgary, and prices are still rising.

"In June, the unadjusted benchmark price rose to $554,500, nearly one per cent higher than last month and nine per cent higher than last year’s levels."

Price growth has been most significant for apartment-style properties.

When comparing surrounding communities' detached benchmark prices to Airdrie's, the city is the third least expensive.

AirdriePrice comparison provided by CREB.

Cochrane, Airdrie's neighbour to the west, has seen a slightly higher growth when it comes to the residential benchmark price. It currently sits at $571,100, an 8.6 per cent gain since June last year.

South of Calgary, Okotoks has seen a slightly smaller growth of only 5.4 per cent year over year. With that in mind, the residential benchmark price is higher than Airdrie and Cochrane, sitting at $615,800.

In January, CREB released their 2024 predictions.

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