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Airdrie Real Estate Predictions 2024


We had 1869 sales here in Airdrie last year, and my prediction last year of sales being 20% down turned out to be fairly close, but was still a bit higher than the sales we ended up with.

So, year over year sales were down 24% in 2023 as compared to 2022. Well our winter months heading into the new year were stronger in 2023 than they were in 2022 and sales in November and December of 2023 were almost identical to what we saw in 2021, right before things took off in Spring 2022.

So for sales I’m expecting an increase of about 10% in 2024, which would give us about 2,050 sales within the year.

Now the wildcard to this one will be how much supply we see in the market. I’m fairly confident the demand will be there, esspecially with interest rates moving down, but will we have enough new listings to feed that demand throughout the year? That’ll bee the real question. And we’re just going to have to wait and see.


For the flow of the market, I was expecting a more typical spring market in 2023, with the busiest times being from march, until May or June. Now the front end of that was true, our spring market did start in March in 2023, compared to January in 2022, but it held on for longer than I was expecting, because we saw peak sales numbers up until August, and then things started tapering off into the fall.

So here in 2024 how to I expect the flow of the market to be? Well we’re moving into January with must stronger sales numbers than we saw last year, and with interest rates going down this January instead of up, I think thats going to mean and earlier spring market here this year. I expect we’ll see good activity in January, but I think our spring market will really ramp up in February and go right through into the summer around July where things will start to seasonally taper off. Of course what happens with interest rates will definitely affect how the market flows this year, especially with our inter-provincial buyers. But I think we’ll continue to be in a sellers market for at least the first half of the year, before possibly inching into a more balanced market by fall or winter. I think there’s a good chance we see our months of supply overall in Airdrie go back down closer to that 1 month mark, before going back up towards 2 months in the fall and winter, which would put us in a hot sellers market in the first part of the year, and closer to a balanced market by year end.


Alright so for prices, I predicted that by mid year we’d be around 5-6% up in prices across all housing styles compared to the beginning of the year, and by the end of the year have tapered off to see an overall 4% price increase by the end of the year from January to December. The first part of that prediction was not too far off. By mid year in 2023 we were sitting at an overall price increase of 7.5% in Airdrie, but the last part of my prediction was way off. I was expecting prices to taper off like we’d seen the year before. But prices kept increasing throughout the year, except for a slight decrease in December and we finished off 2023 with overall prices 9.7% higher than we started the year.

So what do I expect to happen with prices in 2024? Well the way our activity seems to be headed, I think we’re looking at more increases here this year. I’m expecting we see overall prices move up 8% in 2024, with most of the increases coming in the first 6-8 months of the

year, and then remaining fairly flat for the last 4-6 months of 2024. There’s definitely arguments to be made for this being more or less, but thats what I’m going with for prices.


Check out my YouTube video below where I go over everything in this blog post and subscribe to my channel if you want to see more Airdrie related content!

- Brad Walker


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