Appointments are up 8.1% compared to last week, as new inventory continues to enter the market and buyers eagerly book showings. This time last year, home sales nearly doubled the amount of new listings (334 properties sold and 174 new listings from July 12-28, 2020). Even one year later, with 22% more inventory entering the market, we are still seeing buyer demand increase.
That being said, the sold/appointment index did rise 2 points this past week. This indicates that buyers have more choice and are able to book more appointments before putting pen to paper.
Popular price ranges in Hamilton saw a slight shuffle, but remained largely in the mid-high price ranges. Burlington saw the $1-2M price range take the top spot, followed by the mid-high price ranges. Niagara saw higher price ranges work their way up the list, with the more affordable price ranges falling off the board this past week.