🏡 June's cool-off: After a busy May, the single-family home market in the West Island slowed down slightly following the Bank of Canada's 9th rate hike since last year. 📉 Sales figures: Only 130 homes were sold in June compared to 181 in May, marking the lowest number of June sales in the past decade. 📈 Inventory update: Inventory levels rose from 589 listings in May to 611 in June, giving buyers more options. 💰 Prices: Prices dropped by 5% month over month, reaching a median of $684,000 by the end of June. The entry level market is still hot. 📉 Slowdown in higher price range: Higher-priced homes over $1.5M experienced a significant slowdown, resulting in increased inventory levels and fewer sales. ⏳ Months of Inventory: Under $1.5M price range remains a balanced market with 4 months of inventory, while the over $1.5M price range now has 28 months of inventory. 🏢 Condo market update: Condo sales were also down in June with 41 transactions compared to 57 in May. However, prices saw a 2% increase month over month, reaching a median sale price of $433,000. 💼 Rate update since filming: : The Bank of Canada's did proceed with another 25 basis point interest rate increase. Stay tuned for more market insights and updates! 📊💼✨