Benchmark prices up accross the board, between 20.3%-25.6% compared to June 2021.

Detached Market:

After a continual rise in prices for 2 years and 7 month, June marks the second consecutive month of pricing decrease.
The last time the benchmark decreased was in October 2019. 

The June benchmark for detached homes is still $232,400 higher than its 2021 counterpart. 

April: $1,469,900
May: $1,438,500 
June: $1,379,700

The benchmark price decreased $58,800 in the last 30 days. 

Supply:

In June detached homes saw 31 more listings than May 2022, and a 49.1% increase over the same time last year.
Condos saw 2 fewer listings than May 2022, and a 29% supply increase over June 2021.
Townhouses 6 less listing than May 2022. However, supply has still blown past May 2021 by a massive 96.6%

Sales:

Sales are down accross the board between 18.4%-54.5% when compared to the same time in 2021.
Sales are also down across the board compared to May 2022 with detached homes being hit the hardest.
There were 23 less sales for detached homes in June than there were in May. 


Townhouse Market:

Townhouse benchmark prices drcreased for the third consecutive month.
Townhouse benchmark pricing is down $26,000 in the last 30 days,
& nearly $50,000 in the last 60 days. 

SNAPSHOT: 

 Number of Sales Down. Pricing Decrease. Increased Detached Listings.