The average number of listing days on market was 11, a 10% increase compared to the 10-day average in April 2021, and a 37.5% increase compared to the 8-day average in March. Total active listings were up 12.3% year-over-year. New listings were down by 11.7% year-over-year, from 20,841 in April 2021 to 18,413 in April 2022.
Average price by home type:
- The benchmark price for detached homes increased by 17.5% year-over-year to $1.63M but decreased by 4.1% month-over-month.
The benchmark price for semi-detached homes increased by 17.8% to $1.26M but decreased by 4.4% month-over-month.
The benchmark price for townhouse homes increased by 18.8% to $1.02M but decreased by 6.3% month-over-month.
The benchmark price for condos increased by 14.1% year-over-year to $790k but decreased by 2.3% month-over-month.