The cold weather has kept the number of listings down. In fact there were 15% less sales this year compared to April 2013. Seller's reap the benefit from this lack of inventory as prices were up almost 8%. The average sale price for a detached 2-storey home was $1,069,000. 76 homes sold above one million dollars compared to 48 last year. And the average time to sell took a very quick 22 days!
The rental market was busier with 66 rental sales compared to 48 last year.
May should see more inventory and finally some warm weather.
