Airdrie
March saw 160 homes sold in Airdrie, bringing the total for the first quarter to 395 units. This is 11% lower than last year at this time, but there’s a bit of a silver lining. New listings have been on the rise, which helped ease the sales-to-new-listings ratio down to 57% in March. This also led to more inventory becoming available. In comparison to last year, when supply was tight, we’re now seeing 398 units in inventory—quite the jump from just 164 units last March. With just under two and a half months of supply, the market is gradually becoming more balanced. As the market shifts away from being so seller-focused, home prices are experiencing less upward pressure. In March, the detached benchmark price was $651,300—up from last month and over 2% higher than last year. It’s also not too far off from the peak price of $657,400 we saw last June.

Cochrane
In Cochrane, March sales remained steady compared to last year, and the first quarter has shown a slight increase from 2024, staying well above long-term averages. There’s been an uptick in new listings, but with sales still strong, the sales-to-new-listings ratio remained high at 67%. This has slowed down the growth in inventory a bit compared to some other areas. By March, there were 213 units in inventory—higher than last year’s low levels, but consistent with typical trends for the time of year. This balanced inventory and solid sales are bringing things closer to a more stable market, especially compared to the last few years. Price growth has slowed as a result, but in March, detached benchmark prices reached $686,800, up from last month and more than 5% higher than this time last year. While growth has slowed, March still set a new record high for detached prices in Cochrane.

Okotoks
Okotoks saw 129 sales in the first quarter, a decrease from last year’s 155 during the same period. However, new listings are starting to improve, and the sales-to-new-listings ratio is holding steady above 60%. That means inventory is still quite low. With only 96 homes available in March and 53 sales, there’s less than two months of supply, which has kept pushing prices higher, both monthly and year-over-year. While price growth has slowed since last year, March’s detached benchmark price hit $715,500—setting a new record high for the town and more than 5% higher than last March.