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.
