the rennie review - August 2022

surey DETACHED -JULY 202

SALES TO LISTINGSRATIO 10% BUYERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 8% VS 2021

▲ 18% VS 2021

▼ 63% VS 2021

Therewere1,417 detached listingsin Sur eyin July,5% below Juneand 18% higherthan July2021. July detached hom esalesdecreased by 25% m onth-over-m onth,to 147,and were63% below July 2021. Thesales-to-listing ratio fordetached in Sur ey,at10% , reflected abuyers'm arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

10% 147 1,417

33% 396 1,199

-69% -63% 18%

13% 197 1,487

-22% -25% -5%

Thedetachedm edian pricein Julywas$1,537,000,a4% decreasefrom Juneand 8% aboveJuly2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,623,743,9% below last m onth and up 5% toJuly2021.

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

-9% -4%

$1,623,743 $1,537,000

$1,545,502 $1,420,000

5% 8%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,417

1,487

1,285

1,448

1,12

1,199

1.93

1.84

1.81

91

901

1,023

1.62

1.61

1.59

698

782

487

452

409

585

385

396

400

385

197

354

348

276

270

147

213

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

$1.65M $1.60M $1.54M

$1.55M $1.65M $1.66M

$1.42M $1.46M $1.51M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

500

400

300

50%

200

33%

21%

18%

100

12%

10%

6%

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

33 7 21%

2 1 50%

10 1 10%

57 19 33%

205 37 18%

490 57 12%

248 15 6%

171 7 4%

201 3 1%

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