What do these numbers mean?
Four things we noticed. There is still a decrease in residential sales compared to June last year, approximately 10.8%.
Residential houses are taking 55% longer to sale than June 2017.
The residential average sale price had a very marginal increase of 0.1% versus last June.
While I don’t add this to my monthly stats, the number of active residential listings increased by approximately 33% compared to last year.
What this means is that it’s still an active sellers’ market, but buyers are having a bigger selection of houses to choose from.
As always, any questions, don’t hesitate to ask!