"Conditions favour buyers but improving sales and lower inventories are helping move the market more into balance. Overall we still await pipelines and better trade conditions to improve employment and buyer confidence."
Susi Woulds, Remax Landan
July Market Data:
. Total Sales: 1,646, up 6.40% year over year.
. New Listings: 2,720, down 8.14% year over year.
. Total Listings: 7,179, down 15.27% year over year.
. Average Days on Market: 59, up from 52 last year.
Benchmark Sale Prices:
. Detached House: $488,400, down 3.21% year over year.
. TownHouse Condo: $318,300, down 3.75% year over year.
. Apartment Condo: $249,900, down 3.21% year over year.