May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. With more choice compared to a year ago, buyers benefitted from more negotiating room on prices. The average selling price of $1,165,691 was down by 2.5 per cent over the May 2023 result of $1,195,409. On a seasonally adjusted monthly basis, the average selling price edged up slightly compared to April 2024.
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