The market continues to be very slow and showing activity is soft. Much more so than we normally see.
We had 190 sales this July compared to 364 a year ago and 270 this June The average price for a detached 2-storey home still remains high for metro Tronto at $712,000. The average days on market all types of housing was 38 and continues to inch upwards.
There were 74 rental sales. 13 were condo apts and 4 detached homes went above $5,000/mth. One was a Southeast lakefront bungalow.
Bank prime is 2.75% w/5 year money hovering 4% and 5 year variable available at 2.15%.
