As we head into summer, we note a continued trend in 2024 showcasing a reduced number of sales and an increased number of listings when compared to the stats of June 2023. The interesting marker is the relatively stable New Listings category which indicates that the abundance of listings on the market are those that have not sold and remain available. Also, an average drop in the Benchmark Price of 5-8% is found in Single Family, Townhouse and Condo properties throughout most areas. Buyers may find that properties that have been on the market for a prolonged amount of time will come with a very motivated seller who’s ready to make a deal happen.
