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The TB Realty Group February 2023 Market Update
Theresa Baird
Wednesday, March 15, 2023
The Market Update is here!
4,783 sales through TRREB’s MLS® System in February 2023 – down 47% compared to February 2022, the last full month before the onset of interest rate hikes.
The average selling price for February 2023 was $1,095,617 – down 17.9% compared to February 2022. Some of this decline is attributable to the fact that the share of sales below $1,000,000 was 57% in February 2023 versus only 38% a year earlier.
Click this link to read the market overview: https://bit.ly/3JjUV1b
It's important that you work with an experienced and knowledgeable team to help you navigate these current market conditions. Reach out today if you have any questions.
4,783 sales through TRREB’s MLS® System in February 2023 – down 47% compared to February 2022, the last full month before the onset of interest rate hikes. The average selling price for February 2023 was $1,095,617 – down 17.9% compared to February 2022. Some of this decline is attributable to the fact that the share of sales below $1,000,000 was 57% in February 2023 versus only 38% a year earlier.Click this link to read the market overview: https://bit.ly/3JjUV1b
It's important that you work with an experienced and knowledgeable team to help you navigate these current market conditions. Reach out today if you have any questions.
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