The Numbers
October 2022 Real Estate Market Statistics
Average
Sale Price
Home pricing holds firm through September. Encouraging to see some downward trends on all three sectors stabilize a bit heading into the winter months. BOC raised rates again and with the normal seasonal slow down of winter it would be fair to anticipate pricing to decrease further in November as well as deal volume.
Single Family
$462,858
Condominium
$224,252
Duplex
$372,027
Average
Days on Market
Days on market are starting to climb. Decreased demand has lead to an abundance of inventory so homes are taking a little longer to get sold signs up.
Single Family
44 Days
Condominium
55 Days
Duplex
48 Days
Highest Sale
A gorgeous Parkview infill takes home the distinction of highest sale while a luxury apartment in MacTaggart represents the highest sale.
Single Family
$2,146,250
Condominium
$840,200
Duplex
$783,000
Total Listings
& Sales
Seasonal slow down is to be expected heading into November. These numbers will continue to fall (albeit less pronounced) as we progress. This will invariably open up increased exposure for homes that choose to stay on the market.
Total Listings
2,650
Total Sales
1,469
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