Appointments dropped down a minuscule -3.2% from last week, as frigid November weather cools down the late Fall market. The minimal change suggests a gradual cooling similar to previous years.
The appointment/sold index has shot up from 27.1 to 39.3, indicating sales are lagging behind an influx of inventory coming to the market. Traditionally at this time, new listings begin to fall off as we get closer to the holiday season.
Additionally, $1-2M price range continued to see the most demand in Hamilton and Halton, followed by-higher price points. Niagara sees a change as the mid price points are still leading the way, while the higher end of the spectrum follows closely. This indicated a slight shuffle since last week.