Appointment numbers this week, have remained mainly consistent over the previous week, with a minimal decrease of just over 1%. New listings are down 4% from last week, and solds are up 5%, as existing inventories are starting to get absorbed. Currently, November is seeing an 18% decrease in total appointments so far this month compared to November of 2022.
The appointment/sold index dropped to 11.3, indicating that buyers are getting more confident in the market making slightly quicker decisions.
Our top price ranges have seen some interesting shifts, particularly in Niagara where buyers are gravitating to higher price points. Halton continues to see our highest price ranges in its top three spots. Hamilton's top price ranges remain fairly similar to previous weeks except for the $350-400k range which dropped from the ranks altogether this week.