08/05/2026
▫️M A R K E T U P D A T E▫️
July saw a seasonal slowdown with 1,904 sales and 3,323 new listings. Sales were down 9% year over year, while new listings declined 15% keeping market conditions relatively balanced.
The benchmark home price sits at $569,200, down 2% from last July. Apartment style homes continue to see the largest price adjustments (down over 8%) due to increased supply, while detached home prices have remained relatively stable easing by less than 2%.
Inventory remains elevated with 3.5 months of supply overall. Detached and semi detached homes are generally in balanced market conditions, while apartments continue to favour buyers with nearly 5 months of supply.
If you’re thinking about buying or selling, understanding your specific market segment is more important than ever. Reach out if you’d like to discuss what these numbers mean for your home.
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