The value of real estate transactions for April, May and June were down across the Yukon compared to the same three months last year, according to new statistics.

Total sales of single-family houses in Whitehorse fell in the second quarter to $30.7 million, down from $35.8 million in the same period last year.

The average price of a single-family home dropped by almost nine per cent, from $442,400 to $404,100, according to the second-quarter statistics released this week by the

Yukon Bureau of Statistics.

Country residential properties took the biggest hit, with the average price slumping by more than 15 per cent – from $564,400 in the spring of 2012 to $476,000 this past April, May and June.

Val Smith, the president of the Yukon Real Estate Association, said this morning the real estate market is continuing to moderate with a new supply of residential lots available, together with the downturn in the economy.

She did, however, offer the standard caution about reading too much into a specific set of numbers because it's the same old story – a small market can be influenced by just a few sales.

The country residential statistics, for instance, may have been influenced last year by the sale of a handful of high-end homes in the newer subdivisions of Mount Sima and Spruce Hill, which the market is starting to see, she said.

This year's figures, Smith added, may have been weighted by the sale of homes in the older country residential homes, such as Wolf Creek.

But Smith said the real estate market is moderating a bit.

Just a few years ago, she pointed out, there were no vacant residential lots to speak of. Interest rates were at rock-bottom levels and the mineral exploration industry in the territory was soaring into new heights.

Today, the supply of residential lots exceeds the demand. As well, activity in the exploration industry has retreated substantially with the dive in the world prices for minerals, she pointed out.

"I would say this is a normal competitive environment where your price has to be right, and the demand does not outstrip supply.”

Smith emphasized there is still movement in the real estate market, just not at the rate it was moving a couple of years ago.

Statistics released by the bureau show that total sales across the Yukon for the second quarter of this year were $69.8 million.

That was down 26.4 per cent from the $94.7 million in sales during the same period last year.

The average price for a condo unit this past spring was up to $306,200 from $299,800 last year, while the average price for a duplex fell to $302,600 from $322,600.

The market for mobile homes also softened, with the average price dropping to $244,700 last spring from $256,200 in the second quarter of 2012.

Copper Ridge led the sales of single-family homes last spring with total a value of $11.2 million. That compared to $6.5 million in Porter Creek, $4.8 million in Riverdale, $1.7 million in Granger and $3.8 million in country residential properties.