Condo Sales Up ⬆️, Detached Homes Sales down⬇️ July Real Estate Market has slowed down with 2,254 overall sales, 2.54% less than last year. Here are key takeaways👇 🏡 Detached Home Benchmark Price is $643,600. 14.8% increase 📈 from July 2021. 🏫Condo Benchmark Prices is $278,800. 9.7% increase 📈from July 2021 🔹”Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors.” 🔹Rising Mortgage Rates play important roles in shifts in the market. Bidding wars are ceased, and new listings for higher-priced homes are on the rise relative to sales activities. 🔹“Meanwhile, there continues to be a lack of supply for lower-priced detached and semi-detached product. This is driving consumers who are looking for affordable homes to purchase apartment- and row-style properties.” 🔹4749 units in Total, 2369 Single Detached Homes as of August 3, 2022. Source: CREB Are you planning to sell or buy? Call or Text us at 40...