What's happening in the appointment centre? Aug. 23 - 29
August 31, 2020
Appointments picked up considerably last week, with 22.6% more requests than the previous week. We also broke our record for the highest number of a appointments in a single day with 970 appointments on Friday - that’s an incredible 150 more appointments than our previous high on August 7! Our busy week has also caused our month-do-date numbers to rise to 43.3% more appointments than the same time frame in 2019.
Sales last week were on par with the previous week, and new listings were up 10.4%. Our Sold/Appointment Index rose to 14 appointments on average per listing sold. We did see more listings on the market, but with that more Buyers continue to enter a market where inventory continues to remain low for existing demand.
We did see a shift in popular price points in all 3 regions last week. The most popular price point in Hamilton dropped from $550-550k to $450-500k, with a general shift in demand for properties up to $600k, instead of the $800k we saw the previous week. Burlington saw the most popular price range take an extreme drop from $1-2M to $500-550k, however the luxury price point still registers in our top 5. Niagara’s top requested price point rose to $400-450k, and also saw tremendous activity in the luxury $1-2M range which we haven’t seen since early May.