This will be a quick update because I want to get back to watching the World Cup 😉
As we approach month-end, market conditions still favor sellers across all three housing categories. The Condo-Townhouse segment is currently the “hottest” with a sales-to-new-listings ratio of 84.6%.
With a record high 96 luxury sales (and counting) compared to 73 last June, the average price will be a less useful indicator than usual this month. Don’t read too much into it.
Overall sales have been brisk but won’t be repeating May’s feat of a new monthly peak. Month-to-date sales total 2,552 which is a 14.4% y/y increase and on track for the second best June. Condo sales have been performing particularly well with MTD sales above any previous year.
Alright, back to the World Cup – have a great long weekend everyone!