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Overall Market Conditions (June 2025 vs. June 2024):
- The market remains a buyer’s market despite a significant year-over-year surge in activity.
- Median Sale Price: Rose 13.28% to $725,000.
- Average Sale Price: Increased 15.74% to $837,955.
- Sales Volume: Climbed 50.77% to $185,188,049.
- Unit Sales: Gained 28.49% to 221 properties.
- New Listings: Jumped 55.27% to 854.
- Expired Listings: Dropped 50.74% to 133, indicating improved listing engagement.
- Unit Sales-to-New Listings Ratio: Fell to 25.88% (down 17.25%), showing inventory growth outpaces demand.
Year-to-Date (YTD) Performance (2025 vs. 2024):
- Sales Volume: Up 18.24% to $858,521,794.
- Unit Sales: Up 7.93% to 1007.
- New Listings: Up 29.96% to 4,095.
- Sales/Listing Ratio: Down 16.95% to 24.59%.
- Average Sale Price: Up to $859,770 from $775,084.
- Median Sale Price: Up to $728,750 from $686,250.
- Average Days-On-Market: Increased by 8 days to 59.
Sales by Type (YTD 2025 vs. 2024):
- Freehold:
- Sales Volume: $752,494,495 (+26.96%)
- Unit Sales: 827 (+19.16%)
- Average Sale Price: $909,909 (+6.54%)
- Condominium:
- Sales Volume: $106,027,299 (+22.35%)
- Unit Sales: 180 (+31.39%)
- Average Sale Price: $589,041 (-6.88%)
- Vacant Land:
- Sales Volume: $23,000,500 (+5.9%)
- Unit Sales: 52 (+20.93%)
- Average Sale Price: $442,317.31 (-12.43%)