October 2022 Sales Reports
Here is a summary of the sales activity in this area in October. We are currently seeing a balanced market with very reasonable average selling prices. Please set up a call with us if we can provide you with information specific to your situation.
The chart below summarizes the freehold home sales that took place in the month of Octoberr:
Freehold Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 2% month-over-month. The average selling price in October was $1,175,789 (September was $1,199,248).
Freehold Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 12.2% year-over-year. The average selling price in October 2021 was $1,339,110.
Freehold Volume of Homes Sold DOWN:
The volume of freehold home sales in central Stouffville decreased. There were 27 home sales in September (46 home sales in September).
New Listings Vs. Homes Sold
There were 59 new listings to hit the market for sale in October and 27 homes sold in October.
September 2022 Sales Reports
Here is a summary of the sales activity in this area in September. We are currently seeing a balanced market with very reasonable average selling prices. Please set up a call with us if we can provide you with information specific to your situation.
The chart below summarizes the freehold home sales that took place in the month of September:
Freehold Average Selling Price UP Month-over-Month:
The average selling price increased by 5.6% month-over-month. The average selling price in September was $1,199,248 (August was $1,136,332).
Freehold Average Selling Price DOWN Year-over-Year:
The average selling price decreased by 10.1% year-over-year. The average selling price in September 2021 was $1,333,403.
Freehold Volume of Homes Sold UP:
The volume of freehold home sales in central Stouffville increased. There were 46 home sales in September (28 home sales in August).
New Listings Vs. Homes Sold
There were 57 new listings to hit the market for sale in September and 46 homes sold in September.
August 2022 Sales Reports
Here is a summary of the sales activity in this area in August. While transaction levels and selling prices are down month over month (normal for any summer), they are also down year over year. When looking at these numbers, it’s important to remember that selling prices reached an all-time high during the two years of the pandemic. It would be impossible, and dangerous for the economy, if that upward trajectory were to have continued. We are currently seeing a balanced market with very reasonable average selling prices. Please set up a call with us if we can provide you with information specific to your situation.
The chart below summarizes the freehold home sales that took place in the month of August:
Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 10.9% month-over-month. The average selling price in August was $1,136,332 (July was $1,274,839).
Average Selling Price DOWN Year-over-Year:
The average selling prices decreased by 9.4% year-over-year. The average selling price in August 2021 was $1,253,688.
Volume of Homes Sold DOWN:
The volume of freehold home sales in central Stouffville decreased. There were 28 home sales in August (36 home sales in July).
Absorption Rate:
There were 56 new listings to hit the marketfor sale in August and 28 homes sold in August, making the absorption rate (number of sales vs number of new listings)
50%.
July 2022 Sales Reports
Here is a summary of the sales activity in your area in July.
Average Selling Price DOWN Month-over-Month:
The average selling price decreased by 7.9% month-over-month. The average selling price in July was $1,274,839. (June was $1,384,136)
Average Selling Price UP Year-over-Year:
The average selling prices increased by 7.7% year-over-year. The average selling price in July 2021 was $1,184,087.
Volume of Homes Sold UP:
The volume of freehold home sales in central Stouffville increased. There were 36 home sales in July (22 home sales in June)
Absorption Rate:
There were 73 new listings to hit the market for sale in July and 36 homes sold in July, making the absorption rate (number of sales vs number of new listings) 49%.
June 2022 Sales Reports
Here is a summary of the sales activity in your area in June.
Average Selling Price UP Month-over-Month:
The average selling price increased by 10% month-over-month. The average selling price in June was $1,384,136 (May was $1,257,20).
Average Selling Price UP Year-over-Year:
The average selling prices increased by 21.8% year-over-year. The average selling price in June 2021 was $1,136,008.
Volume of Homes Sold DOWN:
The volume of freehold home sales in central Stouffville decreased by a small margin. There were 22 home sales in June (36 home sales in May)
Absorption Rate:
There were 94 new listings to hit the market for sale in June and 22 homes sold in June, making the absorption rate (number of sales vs number of new listings) at 23%.
May 2022 Sales Reports
Here is a summary of the sales activity in your area in May.
The chart below summarizes the freehold residential home sales that took place in the month of May.
The average selling price decreased by 8.2% month-over-month. The average selling price in May was $1,257,203 (April was $1,369,821).
The average selling prices increased by 14.2% year-over-year. The average selling price in May 2021 was $1,100,910.
The volume of freehold home sales in central Stouffville decreased by a similar small margin. There were 36 home sales in May (47 home sales in April)
There were 158 listed for sale in May and 36 homes sold in May, making the absorption rate (number of sales vs number of new listings) at 23%.
April 2022 Sales Reports
The chart below summarizes the freehold residential home sales that took place in the month of April.
The average selling price was decreased by 10.7% month-over-month. The average selling price in April was $1,369,821 (March was $1,534,270)
The volume of freehold home sales in central Stouffville decreased by a similar small margin. There were 47 home sales in April (52 home sales in March)
There were 40 listed for sale in April and 47 homes sold in April, making the absorption rate (number of sales vs number of new listings) at 118% (March was 34%)
March Sales Report:
The balanced market indicators we began to see in February continue into March. The average selling price was similar month-over-month. The average selling price in March was $1,534,270 (February was $1,527,380)
The volume of freehold home sales in central Stouffville decreased by a similar small margin. There were 52 home sales in March (55 home sales in February)
There were 150 homes listed for sale in March and 52 homes sold in March, making the absorption at 32% (February was 71%)
February Sales Report:
Continued high demand was matched last month with an increase in available inventory, signalling a move to a slightly more balanced market with a 1.3% month-over-month increase in the average selling price. The average selling price in February was $1,527,380 (January avg. sale price was $1,507,596)
The volume of freehold home sales in central Stouffville increased significantly after a low in January. There were 55 home sales in February (26 home sales in January)
There were 55 homes listed for sale in January and 55 homes sold in January, keeping the absorption rate at 100%.
January Sales Report:
The economics of continued high demand and lower inventory contributed to a 6.7% month-over-month increase in the average selling price. The average selling price in January was $1,507,596. (December avg. sale price was $1,452,912).
On the other hand, the volume of freehold home sales in central Stouffville decreased slightly. There were 26 home sales in January (27 home sales in December)
There were 26 homes listed for sale in January and 26 homes sold in January, keeping the absorption rate at 100%
December Sales Report:
The average selling price increased by 4.3% month-over-month. The average selling price in December was $1,452,912. (November: $1,392,673).
On the other hand, the volume of freehold home sales in central Stouffville decreased by 37% month-over-month. There were 27 home sales in December (43 home sales in November)
There were 27 homes listed for sale in December and 27 homes sold in December, keeping the absorption rate at 100%
November Sales Report:
The volume of freehold home sales in central Stouffville decreased by 20% month-over-month. There were 42 home sales in November (53 home sales in October).
On the other hand, the average selling price increased by 3.5% month-over-month. The average selling price in November was $1,386,189. (October: $1,339,110).
October Sales Report:
The volume of freehold home sales in central Stouffville increased by 1 unit month-over-month. There were 53 home sales in October (54 home sales in September).
The average selling price increased month-over-month. The average selling price in October was $1,339,110. (September: $1,333,403).
September Sales Report:
The volume of freehold home sales in central Stouffville increased by 5 units month-over-month. September had 54 home sales. (August had 49 home sales)
Similarly, the average selling price increased month-over-month. The average selling price in September was $1,333,403. (August: $1,253,688)
August Sales Report
The volume of freehold home sales in central Stouffville increased by 4 units month-over-month: There were 45 home sales in July and 49 home sales in August. The absorption rate remains 100% as more homes were listed in August than there were in July.
Similarly, the average selling price increased month-over-month: in July, the average was $1,184,087 and in August, the average was $1,253,688.
July Sales Report:
The volume of freehold home sales in central Stouffville decreased by 23% month-over-month: There were 59 home sales in June and 45 home sales in July.
On the other hand, the average selling price increased month-over-month: in June, the average was $1,136,008 and in July, the average was $1,184,087. This can be attributed to the fact that all sales in June were below $1.7, and July had one sale of $2.7 which brought the average up.
June Sales Report:
The volume of freehold home sales in central Stouffville decreased by 5 month-over-month: There were 62 home sales in May and 57 home sales in June.
The average selling price slightly increased month-over-month: in May, the average was $1,100,910 and in June, the average was $1,127,008. This is because May had a 50/50 ratio on homes sales below and above $1m, and June the ratio on home sales above $1m is 60% which brought the average up.
May Sales Report:
The volume of freehold home sales in central Stouffville decreased by 32% month-over-month: There were 90 home sales in April and 61 home sales in May.
The average selling price slightly decreased month-over-month: in April, the average was $1,147,564 and in May, the average was $1,104,039. This can be attributed to the fact that April had 2 sales above $2m, and all the sales in May were below $2m which brought the average down.
April Sales Report:
The volume of freehold home sales in central Stouffville decreased by two month-over-month; There were 92 home sales in March and 90 home sales in April. Similarly, the average selling price slightly decreased month-over-month; in March, the average selling price was $1,190,691 and in April, the average selling price was $1,147,564. This can be attributed to a couple of factors:
- April saw a higher percentage of townhomes and semi-detached homes vs. detached sell than in March, many for below $1million
- April had only two sales over $2m, where in March there were three, which contributed to the lower average price.
March Sales Report:
The volume of freehold home sales in central Stouffville increased by 16% month over month; There were 77 home sales in February and 90 home sales in March. Similarly, the average selling price slightly increased month-over-month; in February, the average selling price was $1,094,103 and in March, the average selling price was $1,187,596.
It remains a strong seller’s market. Please don’t hesitate to reach out if you would like an evaluation of your home. 
February Sales Report:
The volume of freehold home sales in central Stouffville almost doubled in February compared to January; There were 45 home sales in January and 77 home sales in February. Similarly, the average selling price slightly increased month-over-month; in January, the average selling price was $1,078,697 and in February, the average selling price was $1,095,272.
What does this mean to you? Let’s talk! Email or call anytime and we can answer any questions about how to navigate this very busy real estate market.
