Recent trends are creating more stability in the housing market in September! Despite improving sales and reductions in inventory, the overall market remains oversupplied. This continues to weigh on prices. 〰️Detached // Improvements in the market continue to be driven by homes priced below $500,000. Year-to-date sales remain nearly 1% lower than last year’s levels. 〰️Apartments // Sales improved by 16% this month, representing this sectors best September in the past 3 years. 〰️Attached // Sales increases for both semi-detached and row product have improved year-to-date sales by more than 5% compared to last year. It is the only product type that has recorded significant gains year-over-year. Wondering how to enter the market as a buyer or seller? Email me: smollerson@charlesrealestate.ca
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