The Numbers
December 2022 Real Estate Market Statistics
Average
Sale Price
December is notorious for stretching out the days on market clock due to the holiday season. We anticipate this to start to shrink out the gate of the new year.
Single Family
$457,371
Condominium
$207,114
Duplex
$356,822
Average
Days on Market
Days on Market continue to climb for all sectors. These dates, while they feel prolonged, are very much in line with pre-covid activity.
Single Family
52 Days
Condominium
70 Days
Duplex
47 Days
Highest Sale
A one of a kind 3 storey Glenora stunner took the honors of highest sale in December while a one of a kind penthouse loft in the Excelsior building represented the highest sale.
Single Family
$2,375,000
Condominium
$843,000
Duplex
$677,500
Total Listings
& Sales
A lot of families pull properties off the market over December and we see this as a massive opportunity to those that remain on. Inventory continues to plumet and is starting to look like some of the numbers we saw in Spring of last year. Expect inventory to rise heading into January.
Total Listings
1,211
Total Sales
973
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