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The association says those numbers indicate the region did not experience the usual back-to-school rebound that brings increased sales to the market.

Condos and plexes suffered the largest year-over-year sales decreases with drops of 39 per cent and 38 per cent respectively, while single-family homes experienced a 21-per-cent fall.

Meanwhile, median prices continued to decline month over month, but at a much more moderate pace.

On a year-over-year basis, average prices for single-family homes rose six per cent to $535,000, while condos rose four per cent to $380,000 and plexes dropped one per cent to $685,000.

This report by ¹ú²úÓÕ»ó¸£Àû was first published Oct. 5, 2022.