"Detached home prices remain down but levelled off from last month, while condos continue to see increasing declines. Much of the fall is attributable to rising new listings as total inventory increased 28% year over year in the apartment segment and 18% in the townhouse market." Susi Woulds, Remax Landan
August Market Data:
. Total Sales: 1,567, down 4.57% year over year.
. New Listings: 2,759, up .62% year over year.
. Total Listings: 5,656 up 8.46% year over year.
. Average Days on Market: 46, up from 40 last August.
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: $503,200, down 3.27% year over year.
. TownHouse Condo: $331,000, down 4.69% year over year.
. Apartment Condo: $274,900, down 7.10% year over year.