A Welcome pullback!
Here goes the Market Report for June!
Over the past few months we have noticed a calming of the storm. The driver of this calming is definitely due to a large number of new listings on the market. I guess the memo is out and anyone thinking of selling just did that. We saw 1083 new listings in June – that is 28.7% more that June 2016.
Sales did slow versus last June by 3.2% – 716 properties were sold in June. However, year to date we are ahead versus last year by 9.1%
I’m uncertain as to whether the storm is now a little calmer and will continue or if this is just the eye and we see things heat back up into the fall. Time will tell…or a crystal ball if you have one.
June Sales Numbers:
Single detached: 467 – (down 4.3%)
Condominiums: 141 – (down 5.4%)
Semi detached: 53 – (up 15.4%)
Townhomes: 51 – (down 5.6%)
June Average prices vs June 2016
Average home price: $465,772 – (up 19.8)
Singe detached: $537,389 – (up 19.8%)
Apartment style condo: $276,443 – (up 17.6%)
Townhouse: $341,716 – (up 23.2%)
Semi detached: $380,660 – (up 28.4%)