As the end of September nears, appointments are only 4.5% lower than the previous week, and new listings continue to overtake solds. The gap between our weekly appointment comparison is decreasing. So far in September, we are seeing what we have witnessed all year, which is market compression, where we see clusters of sales, month-to-month and week-to-week.
The appointment/sold index dropped to 12.7, which indicates buyers are not as hesitant and are taking advantage of the pause in mortgage rates.
Our top price ranges did see some changes of note this week. In Halton, the $950-1M price range dropped from the charts altogether, and mid range prices seem to be climbing in popularity after higher price ranges have tended to be more desirable in this region. Niagara is continuing to see mid range prices as most popular, with $550-600k at the top. Hamilton remained almost exactly the same as last week save for $450-500k taking the fifth spot.
