I saw a definite uptick in freehold home listings this week, both in terms of quality and quantity. The inventory in the freehold market continues to build, although the market remains competitive. The condo market remains tighter with less quality stock available. I am still seeing some big numbers on sale prices, as you will see in the previously featured section below. In addition, reasonably priced homes are selling quickly.
As mentioned last week, out soon are May’s market statistics. This should give us more clarity on the shift in the market, but may not necessarily be representative of the market moving forward. The media coverage and interpretation could influence the general consensus. I will contiunue to keep you updated on what is happening on the street.
-Nick, June 2/2017
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