New listing growth driven by higher-priced homes

In September, new listings rose to 3,687 units, the highest since 2008, but sales fell to 2,003, 17% below last year's record. Inventory increased to 5,064 units, yet remained below typical September levels. The unadjusted benchmark price was $596,900, slightly lower than last month but over 5% higher than last year. Detached homes saw a 9% price increase year-over-year, while apartment condominiums rose 14%. Overall, market conditions are shifting towards balance, though they still favor sellers.

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