- Closing out the year just slightly lower than the way it started with December's avg. sale price of $514,495 vs. January's $516,117. - 2023 had a $60,000 drop in Year-to-Date avg. Sale Price: $556,451 to 2022's: $615,856. - December also had the year's lowest recorded New Listings: 301 and Listings Sold: 226. - 2023's Sales number and Avg. Sale Price resemble 2012 & 2021 respectively. - Potential good news & relief: there's speculation the Bank of Canada will start decreasing rates sometime between April and July 2024 or by Q3. - With prices being at their lowest in 2 years and number of sales at their lowest in 12 years, could this be the "bottom" that so many have been waiting for?
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