CREB's October Update

CREB’s monthly report states that city sales were almost 12% lower compared to last year, however the 1,901 sales in September is higher than sales levels achieved in September of last year. We are still seeing adjustments to home pricing as we try to shift toward more balanced conditions. Average prices remain 11% higher than last year, and 6% higher than reported levels at the start of the calendar year. For a more detailed breakdown of their statistics update, click here.