• The average selling price for residential properties rose by nearly 8%, the median selling price increased by 5%, and the number of units sold increased by nearly 10% when compared to the third quarter of 2016.
• Robust rates of activity occurred in the $500,000 to $750,000 price bands, the $750,000 to $1M price bands, the $1M to $2M price bands, as well as the $2M+ price bands. In fact, the $2M price band has more than doubled over one year ago.
• Overall days on market decreased to 118 days, down from 143 days in the third quarter of 2016, a 17% decline.
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