Overall sales activity was down again in
August, totaling 1,567. However, this
figure does not reflect the big
differences in activity between the
detached sector, versus the high density
apartment and attached segments of
the market.
“While overall sales have eased for
detached homes, so too has the amount
of new listings on the market preventing
inventories from reaching previous highs
and limiting the downward pressure on
pricing,’ said CREB® chief economist
Ann
-Marie Lurie. “This is not the case in
both the attached and apartment
sectors which have recorded inventory
levels near August highs.”
The detached benchmark price totaled
$503,200 in August, 3.3 per cent below
last year, but similar to levels recorded
last month. Meanwhile, condominium
apartment prices continue to decline
totaling $274,900 in August, 7 per cent
below last year and are at levels
comparable to figures reported at the
end of 2013.

MONTHS of SUPPLY is 3.61
TOTAL SALES are Down 4.57 from Aug 2015
Total days on Market 46
Courtesy of CREB


Leave a Reply

Your email address will not be published. Required fields are marked *