Bammo! The Residential Market Report in June really was a tale of two cities - freehold residential properties, which were very strong - 5.2% year/year, and apartment style condos which continue to struggle, with months of inventory for apartment condos now up to 4.2 (versus 2.3 for townhomes). June sales as the market as a whole was strong, sales were up 3.8% above the five year average and new listings increased 14% year/year. It's important to note that despite a higher level of relative listings, that the market is still very property-specific and certain areas, style of homes, builder, etc. can produce very different selling results.
