Benchmark prices are up across the board, between 23.6-39.4% over thier 2021 counterparts. 
The April benchmark for detached homes was $369,400 higher than its 2021 counterpart.

Detached Market:

After March saw a 30-day increase of almost $90,000 the detached market has begun to slow it pace.
The benchmark price for detached home's has increasd $14,400 in the last 30-days. 
There were 31 less sales in April when compared to March, regardless of the fact that there were 22 more active listing than the previous month.



April marks the second full year of undisturbed month over month increase for detached home pricing.

November: $1,577,900
December: $1,616,200
January: $1,675,700
February: $1,744,200
March: $1,833,400
April: $1,847,800

Supply:

Compared to the same time last year supply was down 38.3% for detached homes, and 20.3% for townhouses; which increasing 3.1% for condos. 
However, compared to March 2022 supply has increased substantially across the board. Between 3-28%
We continue to edge towards a balanced market.

Sales:

Sales decrease across the board, compared to both April 2021 and March 2022
The market begins to hold in anticipation of a transition.
Compared to the same time last year sales are down between 3.9-47.8%

Townhouse Market:

After March's large pricing increase, much like detached homes, townhouses' increase has slowed. 
In the last 30 days the benchmark price has increased $9,800

December: $904,500
January: $938,300
February: $1,002,100
March: $1,054,200
April: $1,064,000

Townhouse benchmark pricing is $241,950 higher than the same time in 2021.
Townhouse prices have now increased for 20 consecutive months. 

SNAPSHOT: 

Supply Surge. Decreasing sales. Prices Edge Forward Slowly. A market in transition.