the rennie review - July 2023

surey DETACHED -JUNE 2023

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2022

▲ 3% VS 2022

▼ 13% VS 2022

▲ 60% VS 2022

Therewere1,294 detachedlistingsin Sur eyin June, 12% aboveM ayand 13% lowerthan June2022. Junedetached hom esalesincreased by 3% m onth-over-m onth,to312,and were60% aboveJune 2022. Thesales-to-listing ratio fordetached in Sur ey,at24% , reflected aselers'm arket.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24% 312 1,294

13% 195 1,488

84% 60% -13%

26% 302 1,155

1.7% 1.1% -8% 3% 12%

Thedetachedm edian pricein Junewas$1,650,000,a 1.1% increasefrom M ayand 3% aboveJune2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,869,687,1.7% abovelast m onth and up 5% toJune2022.

$1,839,273 $1,632,500

$1,869,687 $1,650,000

$1,778,480 $1,600,000

5% 3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,418

1,488

1,270

1,202

1,294

1,155

1,323

1,17

1.89

1.87

1.84

1.61

963

1.59

1.55

894

895

863

826

302

261

312

163

135 136 133

123

195

88

267

146

145

$1.63M $1.65M

$1.60M $1.54M

$1.48M $1.47M $1.53M

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

22-Jun

23-M ay 23-Jun

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

100%+

400

300

50%

200

36%

33%

29%

19%

100

17%

13%

8%

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

24 8 33%

3 5 167%

12 2 17%

34 17 50%

206 74 36%

454 130 29%

220 42 19%

144 18 13%

197 16 8%

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