June Market Update

Things are starting to turn around! Sales activity in June continued to trend up from the previous month.


Monthly sales are nearly 2% lower than activity recorded last year. But, this represents a significant improvement compared to the past several months where year-over-year declines exceeded 40%. ⁠

New listings in June totalled 3,335 units, a 6% increase over last year. The recent rise in new listings caused inventories to trend up, but they remain well below last year’s levels.


Despite some recent monthly gains in supply, sales activity was high enough to cause the months of supply to dip below four months for the first time since May 2019. If this trend continues, it should help to ease the downward pressure on prices.


Residential benchmark prices are comparable to last month, but remain nearly 3% lower than last year’s levels.⁠

SWIPE 👉🏻 for the numbers, and CALL me with questions 👱🏻‍♀️☀️⁠




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© 2020 by Samantha Mollerson

Charles Real Estate Inc.

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