Appointments are down -14.8% as we are entirely into the Holiday Season. Compared to the same time frame last year, we are down -34.5%, but it is essential to remember that December 2021 was an uncharacteristically busy time period in our industry due to Covid-19.
The appointment/sold index has slightly decreased to 10.9%, illustrating that buyers are making quicker decisions in a low inventory environment. With lower inventories and pent up demand, this bodes well for the start of market in 2023.
The $1-2M price range continues to see the most demand in Hamilton and Halton, followed by mid-high ranges. Niagara continues to favour mid-price points in resemblance to last week, though we see the trend going upwards into the higher price points.