Benchmark prices up accross the board, between 20%-32.3% compared to July 2021.

Detached Market:

After a continual rise in prices for 2 years and 7 month, July marks the third consecutive month of pricing decreases.

The June benchmark for detached homes is still $189,700 higher than its 2021 counterpart. 

April: $1,469,900
May: $1,438,500 
June: $1,379,700
July: $1,343,800

The benchmark price decreased $35,900 in the last 30 days. The rate of decline slowing compared to the May-June drop. 

Supply:

In July detached homes saw 16 fewer listings than June 2022, and a 61% increase over the same time last year.
Condos saw 5 more listings than June 2022, and a 26.7% supply increase over June 2021.
Townhouses 15 less listing than June 2022. However, supply has still blown past June 2021 by a massive 172.5%

Sales:

Sales are down accross the board between 34.3%-49.1% when compared to the same time in 2021.
Sales are also down across the board compared to June 2022 with condos being hit the hardest.
There were 17 less sales for condos in July than there were in June. 


Townhouse Market:

Townhouse benchmark prices drcreased for the fourth consecutive month.
Townhouse benchmark pricing is down $40,500 in the last 30 days.
The lst time prices were in the $700,000 range was Jan 2022.

SNAPSHOT: 

 Number of Sales Down. Pricing Decrease. Buyers Market.