Appointments were definitely on the upswing last week, with an increase of 15.6% over the previous week. The number of new listings reported was up 11%, and the number of sales was up 27.5% for the same time period. So far, in the first 24 days of October, we have surpassed the total number of appointments in all of October 2019, with an increase of 56.3% in appointments. Friday, October 24 also marked the date in 2020 when the total appointment YTD surpassed the total number of appointments booked in all of 2019!
Our Sold/Appointment Index dropped slightly to 13 appointments on average per property sold during the week. More listings hit the market, but were surpassed by the increase in sales. More buyers are entering the market, but inventory is still low for the demand.
Hamilton price ranges remained relatively consistent with the previous week’s rankings. Burlington saw extremes, balanced between the high end and low end price ranges. Niagara price ranges shifteds upward slightly, with the highest price point jumping from $450-550k the previous week to $550-600k last week.