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TREB MLS® April 2018 Market Report

TREB MLS® April 2018 Market Report

Yes, the numbers look bad. But remember this is compared to the record peak numbers we saw in April 2017. When compared to April 2016 the average price is up almost 9%. Moreover, average price has been rising steadily every month this year thus far. As a matter of fact, we're already up 9% compared to the average price of January 2018. Looks like we're finally poised to see some semblance of stability in the market after a tumultuous couple of years!

"The comparison of this year's sales and price figures to last year's record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth," said Jason Mercer, TREB's Director of Market Analysis.


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