"Total sales rose in January but remain below long term averages. Conditions still favour buyers but four consecutive months of declines in total listings should help stabilize prices going forward." Susi Woulds, Remax Landan
January Market Data:
. Total Sales: 947, up 23.79% year over year.
. New Listings: 2,385, down 13.02% year over year.
. Total Listings: 4,112, down 18.14% year over year.
. Average Days on Market: 53, up from 51 last year.
Benchmark Sale Prices:
(averages can be skewed by a few transactions in higher priced categories, benchmark numbers offer a more typical measure of homes for sale based on size, area and number of bedrooms)
. Detached House: $500,400, down 2.02% year over year.
. TownHouse Condo: $330,300, down 3.67% year over year.
. Apartment Condo: $269,900, down 4.96% year over year.