We are still seeing a decline in the number of appointments as we shift into fall, and we wrap up back-to-school commitments. Last week saw only 6.1% fewer appointments than the week before, as consumers awaited the announcement on interest rates, time will tell how this pause will affect buyers going forward. New Listings were up an incredible 47%, while sold properties dropped by 14.5%.
Buyers required more appointments last week before making decisions, bumping our appointment/sold index up to 11.1, close to where it was 3 weeks ago. Much more listing inventory has come into the market, giving buyers options that they haven't had in quite some time.
$1-2M was our most requested price range in all 3 markets last week, and Hamilton, Burlington and Niagara saw the remaining 4 rankings shift slightly higher than the week before. Let’s watch the weeks to come, to see if this price point trend continues in Niagara, as the 1-2M jumped from #5 to #1 indicating renewed interest in upper end properties.
