Hey everyone, Vinay Lakhani here with RE/MAX Realtron. Welcome to another edition of my market report where we're going to be summarizing the sales figures for Vaughan for the month of May 2023. The sales and Vaughan for May were up, just over 41% over last year. We had 446 sales compared to 263 sales last year. Last month, we had 586 active listings and that's down about 26% from May of last year where we had 799 active listings. The average selling price in Vaughan for all home types in May was $1.362,000 down about 1% from $1.376,000 in May of 2022.

Let's have a look at our months of inventory, see how we're doing. We get our months of inventory by dividing the sales into the active listings. And remember that below 4 months, seller's market, above 6 months buyers market. Anywhere between a balanced market. So our months of inventory was one 0.76 months and that's down from 1.5 months in April of 2023.

Let's have a look at our DOM (days on market). Our average days on market in May were 14 days on market that's down from 18 days from April 2023.

Whether thinking of moving in the near future or not, give me a call and let's chat about what these numbers mean for you and the value of your home. Thank you guys for tuning in to this month's Vaughan market report. Remember that now more so than ever who you work with makes all the difference.

Don't forget to follow me on Instagram and Facebook. If you found this information useful, please subscribe to my channel and share this video with your family and friends. Thanks! Chow for now.

Hey everyone, Vinay Lakhani here with RE/MAX Realtron. Welcome to another edition of my market report where we're going to be summarizing the sales figures for Vaughan for the month of February 2023. The sales and Vaughan for February down, just over 43% over last year. We had 254 sales compared to 446 sales. Last month, we had 416 new listings and that's down about 39% from February of last year where we had 692 new listings. The average selling price in Vaughan for all home types 1,350,000 down about 16% from 1.670,000 in February of 2022.

Let's have a look at our months of inventory, see how we're doing. We get our months of inventory by dividing the sales into the active listings. And remember that below 4 months, seller's market. Above 6 buyers market. Anywhere between balanced market. So our months of inventory was one 1.8 months and that's down from 3.5 months in January of 2023.

Let's have a look at our days on market. Our average days on market in February was 22 days on market. So it seems like the absorption rate has picked up in the City of Vaughan. We're noticing multiple offers making a return into the market, and this is due to the lack of inventory. And we've been saying this for months that this would occur if no inventory was created. So interest rates are still where they are. They have not changed as you probably have heard since the last increase. However, we are noticing a severe lack of inventory, which is pushing prices upward and causing multiple offers because of the amount of demand that there still is in the market.

Whether thinking of moving in the near future or not, give me a call and let's chat about what these numbers mean for you and the value of your home. Thank you guys for tuning in to this month's Vaughan market report. Remember that now more so than ever who you work with makes all the difference.

Don't forget to follow me on Instagram and Facebook. If you found this information useful, please subscribe to my channel and share this video with your family and friends. Thanks! Chow for now.

Hey everyone, Vinay Lakhani here with RE/MAX Realtron and welcome to another edition of my market part where I'm going to be summarizing the sales figures for Vaughan for the month of March 2023. Sales in Vaughan for March, we're down just over 35% over last year, we had 327 sales compared to last year's 505 sales. Last month, we had 528 new listings. That's down about 48% from March of 2022, where we had 1032 new listings.The average selling price in Vaughan for March for all home types 1,340,000 and that's down about 13% from 1,548,000

in March of 2022.

Our months of inventory is at 1.5 months of inventory. Remember that below 4 months is a seller's market and above 6 months is a buyers market. Anywhere in between is balance. We're at 1.5 months, which is a very, very strong seller's market. Takes it back to almost 2021 when there was these kind of numbers.

Finally, we want to look at our days on market. Our average days on market was 21 days in Vaughan. Now, whether you're thinking of moving in the near future or not, give me a call and let's chat about what these numbers mean for you and the value of your home. A lot of changes are happening very quickly and it's important to get your updates from a trusted source and not the CP24 Source.

Thank you guys for tuning in to this month's Vaughan market report. Remember that now more so than ever who you work with, makes all the difference.