Sales in August increased 4% year over year, resulting in an increased year-to-date sales growth of 4%. This growth was largely driven by gains in apartments and semi detached units. August saw a 2% increase in new listings, which led to slightly higher inventory levels year over year. With 532 units in inventory and 178 sales, the supply for July increased to 5.1 months compared wot 4.5 months in June.
Year -to-date average prices are flat compared to the previous year. Prices have increased for detached properties year to date. However, prices have decreased for semi-detached homes.
