September 2019 Market Update

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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© 2020 by Samantha Mollerson

Charles Real Estate Inc.

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