"While home sales and prices dominated the headlines in 2022, the supply of new listings continued to be an issue as well. The number of homes listed for sale in 2022 was down in comparison to 2021," said TRREB Chief Market Analyst Jason Mercer.
Despite declining home prices through much of 2022, a strong start to the year helped the average selling price increase to $1,189,850, a leap of 8.6 per cent over the $1,095,333 average in 2021. December 2022 statistics offer a clearer picture of what's actually going on right now, with 3,117 sales in the month representing a 48.2 per cent decline compared to the previous December.
I just looked at the dirt and I don't see it in the ground so it hasn't dropped enough!!!!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: