May 2018

Found 1 blog entry for May 2018.

 

Monthly Market Update

 

If we focus primarily on CREB's numbers from Aprils sales, the message can look a bit bleak. The inventory is up 32.73% year over year and sales are down -20.11% year over year compared to April of 2017. This has resulted in the absorption rate rising to 4.82 months which is territory for a buyers market. Some segments and areas of the market are seeing larger slow downs than others. The largest slow downs appear to be in the Detached Single Family Home sector, and the North, Northeast and East Districts are all experiencing the greatest declines. However, pricing remains relatively stable even with all of these factors in place.

If we want to take a larger

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