Another Sellers' Market in August!
The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down compared to last year. This suggests that sellers’ market conditions remain in place, especially where low-rise home types like singles, semis and townhouses were concerned. It’s encouraging to see annual growth in new listings outstrip annual growth in sales, but we will need to see this for a number of months before market conditions become more balanced.
Here’s a quick look at the numbers...!