"Pipeline uncertainty and tougher lending rules continue to weigh down sales. As sales decline, inventories pile up so expect prices to drift lower until greater confidence is restored in the market."
Susi Woulds, Remax Landan
April Market Data:
. Total Sales: 1,518, down 21% year over year.
. New Listings: 3,569, up 8.32% year over year.
. Total Listings: 6,371, up 32.73% year over year.
. Average Days on Market: 47, up from 39 last year.
Benchmark Sale Prices:
. Detached House: $504,500, up .44% year over year.
. TownHouse Condo: $331,800, up .58% year over year.
. Apartment Condo: $256,700, down 2.88% year over year.