Posted in General ,
Persistent Sellers' market conditions drive up prices
Detached
Conditions in the detached home sector continued to tighten in November, with a sales-to-new-listings ratio that pushed up to 118 per cent and the months of supply dropping to 1.2 months. These are levels not seen since the spring.More than half of sales occurred in the $400,000 – $600,000 price range, but the largest sales gains occurred for properties price above $600,000. This is ...