For both
detached homes and condos we continue to see a very slow softening in selling
price, with the pace a bit faster for condos. Overall, prices are down about 5% from the peak early this
spring. On the other hand, the
volume of sales has been relatively steady over the last few months, the same
as days on market. To summarize,
well priced properties are selling well.
Over the
last 30 days, 232 single family houses were sold, down by 8 houses from last
week. The median price is down
$6,050 to $547,950. The average house was on the market for 36 days. In the
same time period, 124 condos were sold, up by 4 condos from last week. The median price is down $3,000 to
$270,000. The average condo was on the market for 43 days.
There are
now 2,233 houses for sale, down by 20 from last week. Condo inventory has fallen by 19 to 1081 suites.
