In June, there was a 12.8% decrease compared to last month and a decrease of 15.6% compared to home sales a year ago.
“After two consecutive years of extraordinary activity where we saw home sales exceeding 700 units in June, some normality has returned to the market.”
Tony Schmidt, President of KWAR
June Sales Breakdown:
- 365 Detached Home Sales
- 151 Condominium Sales
- 38 Semi-Detached Home Sales
- 43 Freehold Townhouse Sales
The average sale price of all residential properties sold in June increased 5.2% to $489,584 compared to June 2017.
Average Home Price:
- $575,003 Detached Homes
- $314,180 Apartment Style Condominiums
- $378,562 Townhomes
- $391,830 Semis
The median price of all residential properties sold in June increased 5.9% to $450,000.
Market recap from Tony Schmidt, President of KWAR:
“This is a good time to sell as demand remains strong and very competitive within some price ranges.”
The average days it took to sell a home in June was 22 days, compared to 16 days in June 2017.
To learn more about the market and what this means to you, meet with Suzanne for coffee. Book a time with Suzanne now.