That single number blends every price band and neighbourhood into one figure, which hides real variation underneath it. Entry-level homes near $444,700 tend to see the strongest competition and the fastest price growth, while higher-priced listings can sit longer and move less.
Momentum matters as much as direction. Sales of 446 homes in August ran 6.6 percent above the ten-year average, showing demand that is genuinely absorbing the current supply rather than a market coasting on a few strong months.
Whether your specific street or price point is moving the same way the city average is takes a look at actual recent sales nearby, not the headline number. Get your hand-reviewed valuation from Joel Dyck.