"Rising interest rates, tougher lending rules and pipeline delays continue to weigh on the market. As inventories pile up there is downward pressure on prices, so make sure to seek the expertise of a professional before making any moves. In difficult markets it is extremely important to be well informed on mortgage approvals and pricing."
Susi Woulds, Remax Landan
June Market Data:
. Total Sales: 1,896, down 11.24% year over year.
. New Listings: 3,869, up 3.09% year over year.
. Total Listings: 8,820, up 32.25% year over year.
. Average Days on Market: 46, up from 38 last year.
Benchmark Sale Prices:
. Detached House: $503,100, down 1.24% year over year.
. TownHouse Condo: $332,800, down .51% year over year.
. Apartment Condo: $259,100, down 2.52% year over year.