October saw steady gains in All MLS® total sales, listings, average prices, and dollar volume when compared to October of 2022. This marked the first October which saw All MLS® sales increase over the previous year since the record setting October of 2020.
As was seen last month, average home prices in September increased over 2022 and the 5-year averages across the three main property types residential detached, condominium and residential attached. For the month of September and the first three quarter totals, MLS® sales continue to track similarly to 2019
August 2023 MLS® sales and average prices increased over August of 2022 stemming from increases seen across the main three property types of residential detached, condominium and residential attached homes.
MLS® sales in June rose slightly from last month while falling short of last June and the 5-year average. Active listings rose from last month and last June while coming to within 1 percentage point below the 5-year average.
MLS® sales in May grew again over the previous month and made gains on the 5-year average. Meanwhile, active listings grew over last month, substantially over last year and inched up slightly over the 5-year average.
As we enter 2023, all MLS® inventory is much higher when compared to the start of 2022, signaling a continued replenishment of housing choices. At the same time, all MLS® sales are below what they’ve been for most of the pandemic but more in line with pre-pandemic January results.