September's sales volume fell 21% year over year however, the average price of a detached 2-storey home was up 20% to $1,094,000. The average price for a detached bungalow was $734,000 and the average price for a freehold TH was $559,000. Condo apartments & THs were $287,000 and $388,000, respectively.
Days on market (all types of housing) was 28 one day quicker that last year. Sales greater than one million dollars took about a week longer and there were 42 of those.
The rental market saw 52 leases during the month.
With the stock market starting to retreat it will be interesting to see how that impacts the housing market going forward. Already there seems to be a little back peddling in pricing and sales volumes seem to be lighter.
