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.
Click the link below to read the full Market Watch Report.
https://trreb.ca/wp-content/files/market-stats/market-watch/mw2405.pdf