For the first full week of May, our appointment centre facilitated just over 3,000 total appointments, which represents a 4% increase compared to last week. In addition, our busiest day was Friday the 20th, with 555 appointments that day alone. So far May is experiencing a balanced stream of sales as value conscious consumers commence and close in on their real estate journey.
The appointment/sold index dropped back down to 9.0, which is approximately what the index was prior to last week. Coupled with the increase over last week, and the fact that our sold-to-new listings ratio is nearly 90% shows a strong level of buyer confidence.
In Hamilton, our top price ranges are still fairly consistent with the $1-2M price range remaining at #1 while the rest of the spots are occupied by mid-range price points. Halton is also still seeing the $1-2M range at the top, although the usual high price ranges that tend to be most popular in this region are being passed over in favour of ranges closer to the $600k mark. Niagara is the only region of the three that is still seeing ranges lower than $1-2M in the top spot. This past week saw the $550-600k range at #1, which is lower than the top range in the previous week.
