Airdrie
May sales in Airdrie improved over the previous month but remained below last year’s levels, contributing to a 10% year-to-date decline. However, the 772 sales recorded so far align with long-term trends. Rising new listings have pushed the sales-to-new listings ratio down to 58%, indicating more balanced market conditions compared to last year’s tight market. Inventory reached 468 units—the highest May level since before the pandemic—largely due to increased new construction. This added supply is putting downward pressure on prices, with the benchmark price dipping to $540,600, nearly 1% below last month and 2% below last year.

Cochrane
After a strong start to the year, Cochrane’s May sales dropped 17% from last year, pulling year-to-date activity just below 2024 levels. A surge in new listings brought the sales-to-new listings ratio down to 55%, boosting inventory to 293 units—more in line with historical norms. The months of supply approached three, slowing price growth. Still, the benchmark price rose to $589,400, up nearly 4% year-over-year.

Okotoks
New listings spurred a jump in May sales, with a sales-to-new listings ratio of 74%. However, inventory levels remain tight and are still 28% below long-term averages. Limited supply has kept months of supply below two and continues to support price growth. The benchmark price rose to $633,900—up from last month and over 2% higher than last year.