the rennie review - October 2022

surey DETACHED -SEPTEMBER 202

SALES TO LISTINGSRATIO 11% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere1,270 detachedlistingsin Sur eyin Septem ber,4% below Augustand 39% higherthan Septem ber2021. Septem berdetached hom esalesdecreased by 17% m onth-over-m onth,to 135,and were66% below Septem ber2021. Thesales-to-listing ratio fordetached in Sur ey,at11% , reflected abuyers'm arket. Thedetached m edian pricein Septem berwas $1,420,000,a0.1% increasefrom Augustand 6% below Septem ber2021. Theaveragesold pricewas$1,532,118,7% below last m onth and down 4% toSeptem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2021

▼ 6% VS 2021

▲ 39% VS 2021

▼ 66% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 44% 400 911

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

11% 135 1,270

-76% -66% 39%

12% 163 1,323

-7% 0.1% -14% -17% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,638,833 $1,418,000

$1,532,118 $1,420,000

$1,594,062 $1,510,000

-4% -6%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,488

1,418

1,448

1,270

1,323

1.92

1,285

1,12

1.76

1.73

901

1.67

1.62

91

1.56

698

782

487

448

585

385

400

385

196

353

348

163

276

269

135

212

147

$1.89M $1.90M $1.83M

$1.75M $1.65M $1.60M

$1.54M $1.42M $1.42M

$1.51M $1.55M $1.65M $1.66M

Sep-21

Aug-22

Sep-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

400

300

200

40%

24%

23%

100

20%

8%

5%

4%

1%

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

41 8 20%

2 0 n/a

13 3 23%

65 26 40%

180 44 24%

424 35 8%

219 9 4%

161 8 5%

165 2 1%

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