High home buyer demand and reduced home seller supply! March, 2020

There were total 2,150 sales in February 2020 a 44.9 per cent increase from February 2019, and a 36.9 per cent increase from January 2020. Last month’s sales were 15.6 per cent below the 10-year February sales average. There are 9,195 active listings, a 20.7% decrease compared to February 2019 and a 6.7% increase compared to January 2020. We are dealing with increased traffic at open houses and multiple offer scenarios in certain pockets of the market. Benchmark price is currently $1,020,600, which is 0.3% increase over February 2019 and a 2.7% increase over the past six months.