Thunder Bay Real Estate Board

Low annual sales for MLS® listed single detached homes in the City of Thunder Bay

Sales of single detached homes in the City of Thunder Bay numbered 52 units in December 2023, increasing by 10.6% (five sales) from the same period in 2022.

Single detached home sales were 3.3% below the five-year average and 0.4% below the 10-year average for the month of December.

On an annual basis, single detached home sales totaled 879 units over the course of 2023. This was a decline of 14.5% from 2022.

The median sale price for single detached homes sold in December 2023 was $289,950, increasing by 3.6% from December 2022.

The more comprehensive year-to-date median price was $329,900, a modest gain of 3.1% from all of 2022.

Single detached properties spent less time on the market before selling in December 2023 than they had a year earlier. The median number of days on market for single detached home sales was 19 in December 2023, down from the 20 days recorded in December 2022.

The dollar value of all single detached home sales in December 2023 was $17.6 million, up sharply by 30.2% from the same month in 2022. This was also a new record for the month of December

BOARD & ASSOCIATION INFORMATION

The Thunder Bay Real Estate Board today has 270 member REALTORS® providing a variety of professional real estate services. Our members are located in Thunder Bay, Marathon, Terrace Bay, Manitouwadge, Geraldton, Sioux Lookout, Dryden, Kenora, Sioux Narrows, Fort Frances and Atikokan. You can contact any one of them by using the convenient REALTOR® search feature on this web site. Information from the residential property listings, industrial property and business listings, submitted to the Board can also be found online on www.realtor.ca.


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THUNDER BAY REAL ESTATE BOARD

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Contact info:
1135 Barton St
Thunder Bay, ON P7B 5N3
P 807-623-8422
F 807-623-0375
info@thunderbay-mls.on.ca

President
Wes Case

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