the rennie review - July 2022

surey DETACHED -JUNE 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 15% VS 2021

▲ 14% VS 2021

▲ 5% VS 2021

▼ 55% VS 2021

Therewere1,487 detachedlistingsin Sur eyin June,3% aboveM ayand 5% higherthan June2021. Junedetached hom esalesdecreased by 8% m onth-over-m onth,to197,and were55% below June 2021. Thesales-to-listing ratio fordetached in Sur ey,at13% , reflected abalanced m arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 197 1,487

31% 436 1,422

15% 14% -57% -55% 5%

15% 215 1,448

-1.2% -3% -11% -8% 3%

Thedetachedm edian pricein Junewas$1,600,000,a3% decreasefrom M ayand 14% aboveJune2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,777,810,1.2% below last m onth and up 15% toJune2021.

$1,798,532 $1,650,000

$1,777,810 $1,600,000

$1,539,323 $1,400,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,422

1,487

1,285

1,448

1,12

1.92

1.86

1.84

1,199

91

901

1,023

1.62

1.61

1.59

698

782

487

455

409

585

385

436

400

396

385

356

349

197

276

270

215

$1.83M $1.75M $1.89M $1.90M

$1.65M $1.60M

$1.55M $1.65M $1.66M

$1.40M $1.42M $1.46M $1.51M

Jun-21

May-22

Jun-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

500

400

300

200

34%

33%

21%

16%

100

14%

11%

10%

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

30 10 33%

7 1 14%

10 1 10%

41 14 34%

199 42 21%

529 82 16%

274 29 11%

177 8 5%

220 10 5%

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