September Real Estate Market has became more balanced with 1,901 overall sales, 11.9% less than last year. Here are key takeaways👇
🏡 Detached Home Benchmark Price is $628,000. 12.9% increase 📈 from Sep 2021.
🏫Condo Benchmark Prices is $227,900. 10.7% increase 📈from Sep 2021
🔹Sales activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September
🔹Strong Sales for Condo & Row Houses: “With a new September record, condo sales continue to rise relative to last year, contributing to year-to-date sales of 5,026, a 60% gain over last year. “
“While demand is easing, especially for higher priced detached and semi-detached product, purchasers are still active in the affordable segments of the market, cushioning much of the impact on sales,”
🔹Market shift to more balanced due to adjustment to Home Prices: “New listings ease, preventing the market from becoming oversupplied and supporting more balanced conditions.”
🔹3888 u...
Suggested Credits
Tags, Events, and Projects