Sales in June increased 17 percent year over year, resulting in a year-to-date sales growth of 12 percent. This growth was largely driven by gains in detached and row-style units. June saw a 1 percent decline in new listings, which led to lower inventory levels year over year. With 516 units in inventory and 124 sales, the supply for June decreased to 4.2 months, compared to 4.4 months in May.
Despite minor monthly variations, year-to-date average prices are up 2 percent compared to the previous year. Prices have increased 1 percent for detached properties and 11 percent for apartments year to date. However, prices have decreased for semi-detached and row-style homes.
