Tuesday, June 2, 2020

May 2020

Sales volumes were up 15% over April and there seems to be more activity in the market with more homes and apartments being shown.   This trend is likely to continue.
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The average sale price for a detached 2-storey home was $1,505,000.  This is down 6.5% from April 2020 and up 14% from a year ago.

Most properties on average took less than a month to sell.

The number of sales is still is still very low.  Volumes for both resale and rentals were down 60% compared to May 2019.  I expect to see an increase in supply with the warm weather.