As September draws to a close, our appointments this week were only down by 0.1% over the previous week. New listings are still higher than solds but this gap is slowly diminishing week-by-week. Our busiest day, Friday, saw a total of just over 500 appointments. In total, September 2023 saw just over 15% fewer appointments than September of 2022.
The appointment/sold index has dropped to 10.5 this week, a trend that has continued over the last two weeks, which demonstrates that buyers are more confident in their purchase decisions and are continuing to take advantage of the pause in mortgage rates.
The $1-2M price range maintains its hold on the top spot in both Hamilton and Halton. Niagara is still seeing lower to mid range price points as more popular, such as the $400-450k range that holds the top spot this week in the Niagara region.
