the rennie review - May 2023

surey DETACHED -APRIL 2023

SALES TO LISTINGSRATIO 28% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 17% VS 2022

▼ 13% VS 2022

▼ 25% VS 2022

▼ 2% VS 2022

Therewere963 detachedlistingsin Sur eyin April,8% aboveM arch and 25% lowerthan April2022. A prildetached hom esalesincreased by 3% m onth-over-m onth,to269,and were2% below April 2022. Thesales-to-listing ratio fordetached in Sur ey,at28% , reflected aselers'm arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No. 29% 261 895

% Change

TOTALLISTINGS TOTALSALES

28% 269 963

21% 275 1,285

-17% -13% 31% -2% -25%

3% 8%

Thedetachedm edian pricein Aprilwas$1,520,000,a3% increasefrom M arch and 13% below April2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

4% 3% -4%

Theaveragesold pricewas$1,635,632,4% abovelast m onth and down 17% toApril2022.

$1,568,135 $1,472,000

$1,635,632 $1,520,000

$1,973,080 $1,750,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,418

1,488

1,270

1,448

1,202

1,285

1,323

1,17

1.86

1.77

1.76

963

1.62

1.59

1.58

894

895

863

826

261

195

275

269

163

135 136 133

123

88

212

146

145

$1.75M

$1.65M $1.60M $1.54M

$1.48M $1.47M $1.52M

$1.42M $1.42M $1.40M $1.35M $1.46M $1.39M

22-Apr

23-M ar 23-Apr

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

300

250

85%

200

67%

60%

59%

150

100

35%

29%

17%

50

5%

5%

0

<$600K

$600-799K

$800-999K

$1.0M -1.24M $1.25M -1.49M $1.5M -1.99M

$2.0M -2.49M

$2.5M -2.99M

$3M+

S-L RATIO SALES INVENTORY

17 10 59%

3 2 67%

7 2 29%

27 23 85%

150 90 60%

275 95 35%

198 34 17%

110 5 5%

176 8 5%

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