It was another stable week on the market with increasing sales volume and pricing for both single family homes and condos! It is quite interesting to see how our local market picked up after the end of the hockey playoffs. I knew that we were all hockey fans, but I had no idea how great an affect it would have on buying and selling homes. The other piece of good news for sellers is that inventory levels declined this week over last – the first decline that we have seen this spring.
If you have a home on the market, take advantage of this temporarily strong market since it is not likely to last as we head into summer and vacation season.
Over the last 30 days, 296 single family houses were sold, up by 3 houses from last week. The median price is up $10,000 to $585,000. The average house was on the market for 36 days.
In the same time period, 168 condos were sold, up by 7 condos from last week. The median price is up $550 to $305,550. The average condo was on the market for 38 days.
There are now 2,227 houses for sale, down by 40 from last week. Condo inventory has fallen by 52 to 1095 suites.
