by BoatSurfer600
- Homes in August sat on the market an average five days longer than they did a year ago.
- The median listing price in August dropped to $435,000 from $449,000 in July
- The average home sold for less than its list price for the first time in more than 17 months during the four-week period ended Aug. 28, according to Redfin.
Turns out our Canadian housing piece was right on the money in June, on track for 25% decline this year or more!
Toronto home prices fell for a fifth straight month to -16%, the longest skid since 2017, as property market adjusts to sharply higher interest rates from BoC. $RBC pic.twitter.com/XL6VzHsWj7
— Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) September 2, 2022
h/t BoatSurfer600
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