After months of resilience, home sales in Cochrane slowed in May, falling 17 per cent compared to the same month last year.
The drop was enough to pull year-to-date sales just below 2023 levels, according to the latest market data.from the Calgary Real Estate Board (CREB).
At the same time, new listings surged, pushing the sales-to-new listings ratio down to 55 per cent. That shift contributed to a rise in inventory, with 293 units available — a figure more in line with long-term averages.
The increase in supply brought the months of inventory close to three, slowing the pace of price growth. Still, the benchmark price for a residential property in the town reached $589,400 in May, up nearly four per cent from a year earlier.
In nearby Airdrie, sales showed modest improvement over April but still declined compared to last year, contributing to a 10 per cent drop in year-to-date activity. So far, 772 homes have changed hands in 2025 — a number aligned with long-term trends.
Rising new listings in Airdrie pushed the sales-to-new listings ratio down to 58 per cent in May, well below the over-90 per cent ratios seen last year, but still within balanced market territory. Inventory reached 468 units, the highest May total since before the pandemic.
The boost in supply is being driven in part by an increase in new construction, giving buyers more choices and tempering price growth. Airdrie’s benchmark residential price dipped to $540,600 in May — down nearly one per cent from April and nearly two per cent below last year’s figure.
In Okotoks, a jump in new listings helped fuel a surge in sales last month, though inventory remained mostly unchanged from April. The sales-to-new listings ratio sat at 74 per cent, and months of supply once again fell below the two-month mark.
Unlike nearby centres, Okotoks has struggled to add inventory at the same pace, with supply still nearly 28 per cent below long-term averages as of May. That limited choice, paired with steady demand, has continued to drive prices upward.
The unadjusted benchmark price in Okotoks rose to $633,900 in May, marking an increase from the previous month and a gain of more than two per cent over the same time last year.