The real estate market in Richmond Hill has shown a slight decrease in average property sale prices over the past month. The average price for all property types was $1,425,322 in September, which is a decrease of 4.04% compared to the previous month. However, when compared to the same month last year, there has been an overall increase in average property sale prices of 5.83%.

In terms of sales volume, there were 163 properties sold in September, a slight decrease of 1.24% compared to the previous month. However, when compared to the same month last year, there has been an increase in sales volume of 1.23%. This suggests a relatively balanced market, with a steady number of buyers and sellers.

The average days on market remained relatively stable at 20 days in September, indicating a quick turnover of properties. The sales price to list price ratio also remained consistent at 102%, suggesting that properties are selling close to their asking prices.

Overall, the market in Richmond Hill appears to be balanced, with a slight decrease in average property sale prices but a steady sales volume. This suggests that buyers and sellers are able to negotiate fair prices, and properties are selling relatively quickly.

Read the full article on: Toronto Regional Real Estate Board