May Market Watch

The spring market stayed very strong through May but there were a few surprises. There was a decrease in available houses and also sale prices for Detached and Semi-Detached homes over the month of April. Not surprisingly there was an increase in Condo Townhouse sales which also had a price increase of 10.1% since May 2013. We are big fans of town homes and buyers are still looking at them as a great price alternative to a freehold property.