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The January 2022 real estate market stats are in ...
Read the regional information here: https://issuu.com/tbrealtygroup/docs/tb_market_update_1_8f6b3d4977d30f?fr=sMTJmMjQ2MzgzMTk
There were 5,636 sales reported through the TRREB MLS System in January 2022 – down by 18.2 percent compared January 2021. New listings were down by a similar annual rate (-15.5 percent) as sales. Because sales and new listings moved in relative lockstep, active listings at the end of January amounted to 4,140 – down by 44 percent to the lowest level in more than two decades. The continuation of tight market conditions resulted in a 33.3 percent annual increase in the MLS Home Price Index Composite benchmark. Similarly, the average selling price was up by 28.6 percent year-over-year to $1,242,793. How does this affect you? Contact us to learn more or to receive a market evaluation for your home!
Read the regional information here: https://issuu.com/tbrealtygroup/docs/tb_market_update_1_8f6b3d4977d30f?fr=sMTJmMjQ2MzgzMTk
There were 5,636 sales reported through the TRREB MLS System in January 2022 – down by 18.2 percent compared January 2021. New listings were down by a similar annual rate (-15.5 percent) as sales. Because sales and new listings moved in relative lockstep, active listings at the end of January amounted to 4,140 – down by 44 percent to the lowest level in more than two decades. The continuation of tight market conditions resulted in a 33.3 percent annual increase in the MLS Home Price Index Composite benchmark. Similarly, the average selling price was up by 28.6 percent year-over-year to $1,242,793. How does this affect you? Contact us to learn more or to receive a market evaluation for your home!
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