PEI Real Estate June Market Update

 

 


                                                                             My daughter Paige and I at Blooming Point

 


                                        ----------------------------JUNE REPORT-------------------------------


The P.E.I summer market has started out strong. Sales are rising and listings are falling. Prices have also risen month over month but are down slightly from last June. Of course slight price increases or decreases on a monthly basis are not of much worth. To get a better idea it's best to take a look at the charts to see how we are trending when compared with the last few years. 

Listings:

 

 

Listings are at their lowest point in the last 4 years. If this number stays low, it will continue to support price growth.


Sales:

 

Sales are up 34% month over month and down slightly -4.4% year over year. This was a very strong gain MOM.

Prices:

 

Prices are sitting about where they were last June. So far so good... Let's see what the rest of the summer holds for real estate prices.

Thanks for reading,

Paul

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The statistics on this website are based on information from CREA, and while believed to be accurate, CREA assumes no responsibility for them.

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