Total residential unit sales for November 2023 came to 1,637, decreasing from October 2023 by 9.1%, but showing an increase of 28.5% over November 2022. 

New residential listings amounted to 2,126, which is 20.8% lower than October 2023, and 7.9% higher than November 2022. Overall, inventory showed decreases of 14.5% from November of last year and 12.9% from October 2023.

The MLS® Home Price Index (HPI) composite benchmark price* came in at $375,000, resulting in a decrease of 0.5% from October 2023, and a year-over-year increase of 1.5% from November 2022.

Detached unit sales totalled 932, a decrease of 11.7% from October 2023, but up 22.1% from the previous year. They averaged $478,874, amounting to a 2.4% year-over-year increase, but a 1.6% decrease from October 2023. In addition, they averaged 46 days on the market, an increase of 3 days from October 2023. 

Total residential average prices came in at $380,827, a 0.4% decrease from November 2022, and a 3.9% decrease from October 2023. 

Overall, all residential listings averaged 46 days on the market, showing no change month-over-month and dropping by seven days in comparison to November 2022.

Have questions? Connect with me today to navigate these changes and make the most informed decisions for your real estate goals.

Craig Finnman ⁠
Re/Max Elite ⁠
craig@craigfinnman.ca ⁠
(780) 982-1589⁠

Read Full Market Stats Report
Start Home Search
Start Home Evaluation