Benchmark prices are up across the board, between 15.4-19.8% over thier 2021 counterparts.
Detached Market:
The June benchmark for detached homes was $283,200 higher than its 2021 counterpart.
June marks the second consecutive month (& 2nd time in just over two years) that detached home's benchmark pricing has dropped.
It decreased a substantial $76,700 in the last 30-days.
April: $1,961,800
May: $1,950,800
June: $1,874,100
Supply:
In June detached homes saw 9 less listings than May 2022, and a 22.3% decrease over the same time last year.
Condos saw 31 fewer listings than May 2022, and a 19.1% supply increase over June 2021.
Townhouses the same amount of listings as May 2022. However, supply has still down by 8.6% compared to June 2021.
Sales:
Sales saw a massive decrease across the board, compared to both May 2022 and June 2021
Compared to the same time last year sales are down between 18.9-62.7%
Townhouse Market:
Townhouse benchmark prices drcreased for the second consecutive month.
Townhouse benchmark pricing is down $34,900 in the last 30 days,
& over $62,000 in the last 60 days.
April: $1,149,300
May: $1,121,400
June: $1,086,500
Townhouse benchmark pricing is $179,500 higher than the same time in 2021.
SNAPSHOT:
Decreasing Sales. Decreasing Prices.![]()