Over the last 30 days, 111 single family houses were sold, down by 2 houses from last week. The median price is down $7,000 to $565,000. The average house was on the market for 64 days. House prices are slowly creeping upwards but so is the time it takes to sell a house.
In the same time period, 88 condos were sold, down by 2 condos from last week. The median price is up $6,000 to $292,500. The average condo was on the market for 72 days. Condo pricing is generally stable, but we are seeing the time to sell a condo rising quickly. As well, the number of condos sold is decreasing. This tell us that we may soon see a softening in condo pricing.
There are now 1,275 houses for sale, up by 35 from last week. Condo inventory has risen by 43 to 703 suites. Choice on market is growing and should continue to do so for the next few months.
