August 2018: Detached, Markham

Summary:

  • Markham detached home sales flat at 0.0%, active listings up 18.6% year-over-year (YoY)
  • Active listings are high compared to historic levels and TTM active listings indicates a rising inventory trend
  • Sales are low compared to historic levels and TTM sales indicates a negative trend that is now flattening
  • TTM Sales to active listings ratio (SALR) has a negative trend that is becoming flat
  • Average Markham detached home price is down 5.6% YoY
  • Median Markham detached home price is down 9.7% YoY
  • Benchmark Markham detached home price is down 5.7% YoY

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

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