CREB®’s April 2025 regional figures, released on May 1, show Cochrane prices still rising while the other towns level off.
Benchmark price, April 2025
Airdrie
There were 185 sales and 290 new listings, a 64% ratio. After three years of exceptionally low April levels, inventory of 433 is now consistent with long-term trends, and supply is 2.3 months. The benchmark price was $544,700, unchanged from last month and last year.
Cochrane
Year-to-date sales are 335, up nearly 5%. The sales-to-new-listings ratio held at 60%, and 246 homes were for sale, just shy of long-term trends. The benchmark price reached $592,000, nearly 6% higher than last year and a record high.
Okotoks
Sales are down 16% so far this year. New listings are improving, and the ratio eased to 53%, but 127 homes for sale is still below long-term trends. The benchmark price was $627,100, nearly 2% higher than last April.
Chestermere
CREB’s statistics package shows 62 sales, 133 new listings and 237 homes for sale, or 3.8 months of supply. The benchmark price was $705,900.
What it means: Cochrane sellers still have momentum. In Chestermere and Airdrie, buyers have room to negotiate.
Compared with March
Inventory kept climbing in April. Airdrie went from 398 homes for sale in March to 433, Cochrane from 213 to 246 and Okotoks from 96 to 127. Chestermere’s inventory edged up from 235 to 237. Airdrie’s sales rose from 160 to 185, and its sales-to-new-listings ratio improved to 64%. Prices were steady in Airdrie, rose in Cochrane and dipped slightly in Okotoks compared with March.
Context
After three years of exceptionally low April inventory, Airdrie’s supply is now consistent with long-term trends. Cochrane’s sales have stayed level with last year for four months in a row, which has kept inventory from doubling as it has elsewhere. In Okotoks, where sales were long restricted by a lack of supply, CREB said a shift has started this year as new listings improve.
Cochrane stands out
Cochrane’s total benchmark of $592,000 is a record and nearly 6% higher than a year ago, the strongest gain of the four markets. Year-to-date sales of 335 are nearly 5% above last year and consistent with long-term trends. With inventory still just shy of long-term levels, Cochrane is the one town where prices are still clearly edging up.
What it means for buyers
Buyers have the most room in Chestermere, with 3.8 months of supply, and in Airdrie, where conditions are moving to a more balanced state. In Okotoks, more listings are giving buyers choice that they did not have a year ago, though inventory is still below long-term trends. In Cochrane, expect competition.
What it means for sellers
Cochrane sellers have momentum. Airdrie sellers face flat prices: the benchmark of $544,700 was unchanged from both March and April 2024. Okotoks sellers are seeing slower price growth, at nearly 2% over the year.
Local angle
For comparison, Calgary’s April benchmark of $591,100 was 1.4% lower than a year earlier. Cochrane’s typical home now costs slightly more than the citywide benchmark in Calgary, a sign of how strong demand in the town has been.
Practical takeaways
Look at each town separately; the region is no longer moving as one. Compare days on market and price trends before choosing where to buy. Sellers in Airdrie and Chestermere should price to current competition.
CREB’s regional statistics package shows Airdrie’s 433 homes for sale equal about 2.34 months of supply, and its average sale price was $573,708, above the benchmark because of the mix of homes that sold. Okotoks’ new listings improved relative to sales, easing its ratio to 53%, which supported inventory gains.
