Parkwoods-Donalda March 2022 Stats

The winners were detached homes in March of 2022. More detached homes were sold than the previous month and the median price increased by 16.2%. Fewer semi detached homes were sold and the median price decreased slightly. The exact same number of town homes were sold but the median price decreased by 5.5%. More condos were sold yet the median price decreased by 4.1%. 

We saw fewer showing on listings and also fewer offers. Consumers needed to absorb lots of news ( war, interest rates went up, cost of living went up) and are a little hesitant of making big purchases. However one  aspect remains: the supply and demand factor is not in balance. There are far more home buyers looking to own a home than homes for sale. 

Have a look at the stats below. Please keep in mind that all of the homes, big or small form part of these numbers. Should you wish to know what your home is worth in today's market, give us a call. We will detail a report for you, with comparable homes to yours.