Royal LePage Regional Update – May 2017
1419 residential properties were listed in May 2017 representing an increase of 30% over April. Unit Sales are not slowing down as we head into summer months, up 15.6% over last month and closely inline with 2016 year to date figures. The average sale price is currently $408,449 or an increase of 30% over the same period last year. 1131 listings remained active at the end of May which represents 1.4 months of inventory based on current demand. We are still very much in a Sellers' Market however the increase in inventory and average sale prices holding firm month to month indicate a gradual stabilization in local markets.
The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner.
powered by WEBKITS