October 2018: Detached, Richmond Hill

Summary:

  • Richmond Hill detached home sales down 8.0%, listings up 11.6% YoY
  • Active listings are high compared to historic levels and TTMA active listings indicates a rising inventory trend
  • Sales are low compared to historic levels and TTMA sales indicates a negative trend that is now flattening
  • TTMA Sales to active listings ratio (SALR) has a negative trend that is becoming flat
  • Average Richmond Hill detached home price is up 2.7% YoY
  • Median Richmond Hill detached home price is down 0.8% YoY
  • Benchmark Richmond Hill detached home price is down 7.7% YoY

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

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