Pricing of Single family homes are recovering after a small dip. Compared to last year, the median price of higher-priced homes was nearly 11% lower, but increased relative to April of this year. Approximately 12% of homes sold in May transacted at a premium to the asking price.
Prices of luxury condos drops a bit. The number of sold units priced above $1 million fell by 41% in May compared with one year ago. Additionally, the median price decreased by 3% from last year. Entry level condos hold their prices.
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