The markets continued to show improvement from month to month and May month has recorded highest sales volume in last 7 years. The Prices have also increased from year to year basis.
Previous record-setting Mays were in the mid-2000s during the market peak, with last month’s sales coming in just below the 10-year average.
Ray Werger, President of the Board, says, “For the second month in a row, we’re experiencing healthy sales volumes with the most popular choice being single family detached homes followed by townhouses. For single family homes, that market is at the upper-end of a balanced market with certain areas in a sellers’ market where over 30 per cent of available inventory is selling.”