Sales volumes are down from the peak of March and April but we are still seeing strong average price increases right across the board. With only 1 month of inventory (MOI), new listings are very low so it still remains a Sellers market but without the same frenzied activity we saw in the early spring. There are still multiple offers on many properties and condos have become hot again. The primary concern is the lack of new listing inventory, Sellers are staying put while buyers continue to hunt for properties.
For a more detailed analysis on whats happening in your neighbourhood please message me and I’ll take you through the numbers and provide in depth insight and analysis to help you make an informed decision.