The current decline seems like a slow slide. At its current pace it is not moving quickly enough to realign this market’s active listings with previous years.
In house sales, volume is down 68.5% relative to last year and the median price is down 3%.
In townhouse sales, volume is down 74.6% relative to last year and the median price is down 9.6%.
In apartment sales, volume is down 58.7% relative to last year and the mdeian price is down 16.5%
A continued erosion of price support and diminishing volume of sales will provide terrific buying opportunities for home shoppers.
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