The Gist:

  • April 2020

    • Between 2015-2019, the average daily rate of new listings sat between 109-120. This year, with uncertainty related to COVID-19, we had an average of 58 new listings per day, a 48-53% drop from previous years.

    • The average daily sales in April over the past 5 years have been between 52-60.

  • May 2020

    • Over the past 5 years, there have been between 62-81 new listings per day.

      • Since the beginning of May, we’ve always seen peaks in daily new listings above the average of previous years. Tune into the MLS over the next few weeks, and you’ll certainly see lots of great new options.

    • In previous years we’ve seen between 39-42 sales per day in May.

      • So far this month we’ve seen our daily sales hit the average of previous years just a few times.

      • Since the reopening of the province has been announced, we’re starting to see some spikes above the previous daily average, which indicates that the market is getting ready to enter an upswing after a month of low activity.


Want to Know What’s Happening in Your Neighbourhood? 🏘🏡


 

⬇️ Daily Market Indicators ⬇️


 

🎧 HACK&Co Playlist: Price Reduction Remix 🏷

Take a peek at properties that have lowered their prices since Emergency Shutdown 📉