Month of June in Real Estate Numbers

Real Estate Stats for June 2022. Please keep in mind that these stats are for a very specific area - Parkwoods-Donalda. Would you like to have your area analyzed? Please let me know 647-297-9700

The Real Estate numbers for Parkwoods-Donalda for June 2022 tell an interesting story. The month of inventory ( this is how long it would take to sell all homes on the market if no new listings would be added) is up by 140% for detached homes, 25% up for semis and 185.71% up for condos.

There are 50% more detached homes for sale than last month were. The lowest selling prices has increased a little for all style of homes, however the highest selling prices went down by 30.24% for detached homes.

the median selling price for detached homes decreased by 20%, for semis -19.83% and for condos the median selling price went up a little - by 0.4%

What's the reason for these decreases? Buyers qualify for smaller amount of mortgages due to the rising interest rates. The cost of living has gone up considerably and the buyer's confidence is shaken. Sellers, who do not have to sell right now choose to wait hoping for the market to recover.

What's the best for you right now? Do you have any real estate plans and just don't know what to do? Let's have a chat - no strings attached. 647-297-9700