Appointments are up +2.6% over last week. May 2022 outperformed pre-COVID May 2019 by 5%. However, compared to the abnormally high numbers we saw in May 2021, we are down -30.2%.
The appointment/sold index dropped slightly to 11.5, as buyers continue to show confidence in the market and are making quick decisions to take advantage of locked-in interest rates prior to increase.
Similarly to 2 weeks ago, we saw the most demand for the $1-2M price range in all of our trading areas. In Hamilton and Niagara, we saw a slight shuffle in the top 5 price ranges, but remained in the mid-high ranges. In Halton, we saw mid, high and luxury 2M+ prices ranges in the top 5.