Detached Homes
- Average Price: $578,000 ↑ 0.7% from last month, ↑ 4.8% from last year
- Median Price: $534,000 ↑ 1.9% MoM, ↑ 6.8% YoY
- Average Days on Market: 31 days
Semi-Detached Homes
- Average Price: $431,000 ↓ 2.1% MoM, ↑ 5.8% YoY
- Median Price: $424,000 ↓ 1.5% MoM, ↑ 4.6% YoY
- Average Days on Market: 27 days
Row/Townhouses
- Average Price: $297,000 ↓ 4.1% MoM, ↑ 1.6% YoY
- Median Price: $290,000 ↓ 6.5% MoM, ↑ 1.8% YoY
- Average Days on Market: 31 days
Apartment Condos
- Average Price: $210,000 ↓ 2.4% MoM, ↑ 2.6% YoY
- Median Price: $190,000 ↓ 2.6% MoM, ↓ 1.0% YoY
- Average Days on Market: 46 days
Overall Residential
- Average Price: $463,000 ↓ 0.4% MoM, ↑ 5.2% YoY
- Median Price: $438,000 ↓ 0.6% MoM, ↑ 6.2% YoY
- Average Days on Market: 33 days
Inventory & Listings
- Active Listings: 7,083 (↑ 4.7% MoM, ↑ 21.8% YoY)
- Months of Inventory: 2.5 months
- New Listings: 4,388 in July (↑ 7.8% MoM, ↑ 20.0% YoY)
Sales Volume
- Homes Sold: 2,860 (↓ 0.5% MoM, ↓ 2.6% YoY)
Key Takeaway:
Inventory is climbing, giving buyers more options, but detached prices remain strong. Sellers can still benefit from motivated summer buyers, while buyers have more room to negotiate than earlier this year.