For our first full week of October, the appointment centre report hosted 2,927 total appointments which represents a small decrease of 3.1%. Despite this decrease, our monthly numbers are reflecting a 30.4% increase in monthly appointment when compared to the same period in 2023. Our busiest day was Tuesday rather than Friday, with a total of 475 appointments booked that day alone, as buyers opted to look prior to Thanksgiving, and have their agents negotiate on their behalf during the long weekend.
The appointment/sold index dropped slightly to 9.5, which is approximately where the index was two weeks ago, however it is well below the 2024 average of 11.25. In addition, new listings slightly surpassed solds, where our agents are selling 97% of the new inventory we are creating, well above our trading area’s sales-to-new-listings ratio of 48%.
Regarding our top price ranges, the $1-2M range is on top in all three regions, which we have not seen since May 19-25 of this year. Hamilton remained fairly identical to last week with the exception of the $750-800k and $550-600k range switching places. Halton also remained consistent, although the $950k-1M range dropped from the charts altogether in favour of lower price ranges. Finally, Niagara saw the $350-400k range appear at #5, which is a much lower range than we usually see on the chart in any region.
