As we move further into the month of May, our appointment centre has seen a decline in weekly appointments of just over 12%. Our busiest day was Thursday rather than Friday, likely because of people planning to get away for the long weekend, with 461 appointments made that day. Overall, our monthly appointment numbers are down by around 30% compared to May 1-18, 2023, however our unit sales are up significantly for the same period.
The appointment/sold index dropped to 8.1, the lowest it’s been so far in 2024 and the lowest it’s been in more than 4 years. The last time this index was below 8 showings/sale was mid-March of 2020, at the beginning of the pandemic. Our sales-to-new listings ratio is still at 90%, well above the competition in our regional trading area, illustrating our strong market knowledge.
Our top price ranges this week remained fairly consistent to previous weeks, with the $1-2M price range at #1 in both Hamilton and Halton. The much lower $550-600k range is at the top again in Niagara, with the $1-2M range coming in second. Otherwise, low and mid range price points occupy the majority of the chart for the Niagara region, whereas mid and high range price points are still most popular in Hamilton and Halton.
