Market Highlights – October 2019

Market Highlights – October 2019


Once again, this month’s market statistics indicate the increase in sales and prices we have been seeing all year. But there is a shift this fall from the busy spring market when multiple offers were predictable. Inventory remains low in our key market areas, but the outcomes for new listings are not necessarily the same, so don’t ever be afraid to try!

Year-to-date, sales of residential and condo properties are up 6%, with a majority of that growth on the condo side, prices are up 7.8% and the time it takes to sell is down from 59 days to 44 days across the region from 2018.

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