Peter Kusch

Detached

Higher-priced gains did not offset weaker sales below $1 million, which fell 12% to 875 units. New listings declined to 1,635, while inventory edged up and supply rose above three months. Conditions ranged from under three months’ supply in the West, NW, South and SE to over four months in the North and NE. August’s benchmark price was $744,300, down 1% year over year.

Semi-Detached

August’s sales slowdown pushed year-to-date sales to 1,516 units, down more than 2% from last year. New listings did not decline at the same pace, lowering the sales-to-new-listings ratio to 56%. Inventory remained nearly 5% above last year, lifting supply above three months for the first time since January. Despite balanced conditions, prices stayed stable: August’s benchmark was $690,500, nearly 1% higher year over year.

Row

August sales continued to ease, contributing to a 15% year-to-date decline as added new-home and rental supply reduced demand. Fewer new listings kept inventory from rising further, with supply holding near four months. Conditions varied by district, from about three months in the West to over four months in the City Centre, North East and North. The benchmark price was $415,200, down nearly 1% from July and 5% year over year.

Apartment