Saturday, June 1, 2013


Adios to a rainy, chilly May.

Larry has the numbers first as usual. All three categories showed a very small average price increase. The average prices are basically flat or down from May 11. Average detached AND apartment prices are down 4% over that two year period.

I have no doubt that if the real estate board's HPI continues to show the real numbers, they will show a drop for MAY.

Final MOI for May :

Detached:  6.4
Attached: 5
Apartment : 6

Clearly there was a little more strength in May than the preceding few months. The question is whether this will continue or if that is   the end of the peak buying season.