August 2019 Market Update


August 2019 stats are in, what did the previous month bring?⁠ ⁠ With easing inventory and increased sales, August was met with 6% sales growth compared to last year and a rise in attached sales compared to last year. ⁠ ⁠ Detached // citywide growth has been driven by homes under $500k. Homes priced above that increased in supply and eased in sales activity. Benchmark prices over the city range from a year over year decline.⁠ ⁠ Apartments // Sales activity has improved yet inventory is on the rise. Benchmark prices eased compared to last year yet some districts recorded modest gains.⁠ ⁠ Attached // Year to date attached sales are up nearly 5% and inventories are further reduced.⁠ ⁠ Wondering how to enter the market as a buyer or seller? Call me anytime.⁣⁠


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© 2020 by Samantha Mollerson

Charles Real Estate Inc.

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