Tightening market conditions are supporting price growth in Airdrie, Okotoks and Cochrane, although overall inventory levels of property remain healthy in areas surrounding Calgary.
Property sales in the surrounding areas totalled 865 units after the first quarter of the year, running at a similar pace to the same period in 2012. As in the entire region, the number of new listings has been falling at double-digit rates. Relatively strong demand has placed downward pressure on somewhat elevated inventory levels and reduced the time product is on the market. However, overall inventory levels still remain at healthy levels, meaning the conditions are balanced for buyers and sellers.
Read more: http://tinyurl.com/c2xvzpv