Despite the holiday Monday, last week saw an increase of 1.5% in appointments compared to the week prior. New listings surpassed solds for the second week in a row, as more inventory builds up for the impending fall market. So far in August, we are seeing an increase of 17% in appointments compared to the 1st-12th of August 2022.
The appointment/sold index was up at 13.8, with a 4-week average at 12.7, indicating strong buyer sentiment and knowledge, when narrowing down potential properties, to make that final decision.
Our top price ranges this week saw some small changes, mainly for Niagara and Hamilton. Hamilton continues to see the $1-2M price point at the top and the #2 spot is currently occupied by the $550-600k range, which is lower than last week. Niagara's top price range dropped from $650-700k to $550-600k, indicating that affordability is back on, and continues to drive buyer demand in these markets. Halton continues to see our highest price ranges as most popular with $1-2M in the #1 spot.
