August 2018: Detached, Richmond Hill

Summary:

  • Richmond Hill detached home sales up 45.0%, listings up 30.1% 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 Richmond Hill detached home price is down 9.4% YoY
  • Median Richmond Hill detached home price is down 7.5% YoY
  • Benchmark Richmond Hill detached home price is down 9.9% YoY

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

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