April 2018 Market Stats
Home prices down but market shows signs of stability
Sales through the TREB MLS in April 2018 on a year-over-year basis were down by just over 32 per cent. Compared to April 2017, which had the highest average sale price on record for the Board, April 2018’s average selling price was down by 12.4 per cent. April’s average sales price was 0.2 per cent below the average sales price in March this year. The month-to-month sales numbers suggest a leveling over the past two months from the drops seen in January and February of this year, and might further indicate that the impact of the tougher new mortgage qualification rules introduced January 1st may already be moderating.
The jpeg above visually interprets the stats and is something you can use for posting to your website and social media. To save the jpeg version, right-click on the image and select Save Image As. The pdf version can be used as a monthly touch piece for your clients and prospects, as well as be included in your Pre-Listing Packages, Listing Presentations, Buyer Consultations or other communications and marketing.
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To your success,
Vice President, Business Services Corporate Brokerages