June certainly made up for the slower than usual spring market! The listing inventory is still low while demand in select neighbourhoods is continuing to drive prices up as multiple buyers are bidding on the same homes. It's anticipated that this strong price growth will prompt more home owners to put their homes on the market over the next few months thereby moderating the price increases.
For us, the spring market seems to have been pushed into the summer. July has been busier than usual for us and the rest of the summer looks to be much the same!
For a full June 2011 Market Watch report click here