August 2018: Detached, Ajax

Summary:

  • Ajax detached home sales down 23.4%, active listings down 4.4% year-over-year (YoY)
  • Active listings very high compared to historic levels and TTM active listings indicates a flattening inventory trend
  • Sales are very low compared to historic levels and TTM sales indicates a flattening sales trend
  • TTM Sales to active listings ratio (SALR) is changing from a downward trend to flattening
  • Average Ajax detached home price is up 0.3% YoY
  • Median Ajax detached home price is up 1.6% YoY
  • Benchmark Ajax detached home price is down 1.0% YoY

You can read the original August 2018 TREB Market Watch publication here.

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