Hey everyone, Vinay Lakhani here with RE/MAX Realtron. Hope everyone is enjoying their summer so far! Welcome to another edition of my market report where we're going to be summarizing the sales figures for Vaughan for the month of June 2023. The sales and Vaughan for May were up, just over 15.5% over last year. We had 350 sales compared to 259 sales last year. Last month, we had 679 active listings and that's down about 14% from June of last year where we had 800 active listings. The average selling price in Vaughan for all home types in June was $1.307,000, up about 1% from $1.297,000 in June of 2022.

Let's have a look at our months of inventory, see how we're doing. We get our months of inventory by dividing the sales into the active listings. And remember that below 4 months, seller's market, above 6 months buyers market. Anywhere between a balanced market. So our months of inventory was one 1.94for June 2022.

Let's have a look at our DOM (days on market). Our average days on market in June were 15 days on market. That's up from 14 days from May 2023.

Whether thinking of moving in the near future or not, give me a call and let's chat about what these numbers mean for you and the value of your home. Thank you guys for tuning in to this month's Vaughan market report. Remember that now more so than ever who you work with makes all the difference.

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