Summer is here, and with the heat wave and Canada Day closure last week, appointments dipped by 26.2% over the previous week. Both new listings and sales dropped slightly this week also, which is fairly typical for this time of year. Add to it the fact that Ontario is opening up little by little from the pandemic, and people are enjoying some well-deserved freedoms.
The Asked/Sold Index dropped back to where it was 2 weeks ago to 13.7 appointments on average per property sold, as Buyers are somewhat more poised to put pen to paper quicker than last week.
The $750-800k price point in Hamilton maintained it’s #1 position in our rankings last week, with $1-2M coming in strong at #2. Burlington saw $1-2M jump back up to the most popular price range, with $550-600k in #2, and the other price points just under that $1M mark. Niagara’s top price point dropped to $450-500k, with the other price points simply rearranged within our Top 5.