Both average price and sales for real estate in Brampton were down year-over-year for a third straight month in April.

While the market continues to make small month-over-month gains, the days of 30 per cent year-over-year increases seen during last spring’s peak are long gone.

According to monthly tracking data from the Toronto Real Estate Board (TREB) for April, the average sale price for all types of dwellings in Brampton fell 7.8 per cent, to $703,210, compared with $763,092 in April 2017. Sales fell by 28 per cent, dropping to 807 last month compared with 1,120 the same month last year.

“The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased,” wrote TREB president Tim Syrianos in his monthly analysis, adding that struggles in the higher-end market are more pronounced.

Because that segment of the market is being hit harder than others, TREB and MLS have adjusted their calculations to account for the disparity, meaning the decline in average price is actually higher.

“This is why the MLS HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price,” added Syrianos, referring to the average-price benchmark set by TREB’s entire market range.

The average price and sales for detached, semi-detached and townhouse-style condominiums all fell year-over-year in Brampton, with apartment-style condos the only sector of the market seeing an increase.

Over the past year, the average sale price for a detached home in Brampton fell 8.7 per cent, to $823,963, while the semi-detached sector saw a 7.1 per cent decline, to $632,762. Brampton’s detached home market peaked at an average sale price of $902,211 in April 2017.

The condominium-townhouse segment measured by TREB was down 11.9 per cent, at an average sale price of $448,330 compared with $509,162 last April.

While the apartment-style condo segment saw a gain of less than one per cent, to $366,688, total sales across all market segments in Brampton were down substantially over the same month last year.