the rennie review- December 2022

surey DETACHED -NOVEMBER 202

SALES TO LISTINGSRATIO 12% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere1,117 detachedlistingsin Sur eyin N ovem ber,7% below O ctoberand 60% higherthan N ovem ber2021. N ovem berdetached hom esalesdecreased by2% m onth-over-m onth,to 133,and were65% below N ovem ber2021. Thesales-to-listing ratio fordetached in Sur ey,at12% , reflected abuyers'm arket. Thedetached m edian pricein N ovem berwas $1,350,000,a4% decreasefrom O ctoberand 18% below N ovem ber2021. Theaveragesold pricewas$1,467,049,2% below last m onth and down 18% toN ovem ber2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 18% VS 2021

▼ 18% VS 2021

▲ 60% VS 2021

▼ 65% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 55% 385 698

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

12% 133 1,117

-18% -18% -78% -65% 60%

11% 136 1,202

-2% -4% 5% -2% -7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,501,627 $1,402,500

$1,467,049 $1,350,000

$1,794,148 $1,651,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,418

1,488

1,448

1,270

1,202

1,323

1.97

1,285

1,12

1,17

1.76

901

1.68

1.641.60

698

1.50

487

447

585

385

196

353

348

163

136

276

269

133

212

146

135

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

$1.65M $1.66M

$1.65M $1.60M $1.54M

$1.42M $1.42M $1.40M $1.35M

Nov-21

Oct-22

Nov-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

350

300

78%

250

200

47%

150

28%

100

19%

11%

50

8%

2%

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

32 9 28%

4 0 n/a

9 7 78%

66 31 47%

182 35 19%

350 27 8%

177 19 11%

136 3 2%

161 2 1%

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