As we begin to approach the end of November, our appointment centre is seeing our weekly appointments continuing to decrease slightly each week. As usual, our busiest day was Friday with 476 appointments made that day, representing a 5.7% decrease when compared to Friday of last week. Despite these regular decreases, we are still seeing an increase of 26.2% (should this be 22.0) in monthly appointments when compared to our numbers from 2023.
The appointment/sold index dropped back to 8.3, which is where the index was 4 weeks ago during the week of October 20-26. In addition, solds continue to significantly surpass new listings by 30.4%. Despite the drop in appointments the fact that the gap between sales and new listings has surpassed the total of November 2023. This indicates strong buyer sentiment in these latter weeks of the year.
Our top price ranges are showing some notable changes this week. Specifically, the $1-2M range continues to hold the #1 spots in both.Hamilton and Halton and has returned to #2 in Niagara. The $450-500k range has increased in popularity in Hamilton, having climbed from #5 last week to #3 this week. Finally, the $950k-1M range has returned to the chart in Halton at #4 after having been missing from the chart in this region since October 27-November 2 of this year.
