City of Thunder Bay MLS® single detached home sales slow compared to last year but still above average for May
Sales of single detached homes in the City of Thunder Bay numbered 105 units in May 2022. This was a decline of 13.2% from the same period in 2021.
Single detached home sales were 1.4% above the five-year average and 6.6% below the 10-year average for the month of May.
On a year-to-date basis, single detached home sales totaled 370 units over the first five months of the year. This was a decrease of 14.7% from the same period in 2021.
The median sale price for single detached homes sold in May 2022 was $343,229, up by 14% from May 2021.
The more comprehensive year-to-date median price was $345,000, an increase of 20.8% from the first five months of 2021.
Single detached properties spent less time on the market before selling in May 2022 than they had a year earlier. The median number of days on market for single detached home sales was 12 in May 2022, down from the 13 days recorded in May 2021.
The dollar value of all single detached home sales in May 2022 was $39.5 million, was a small reduction of 1.4% from the same month in 2021.
BOARD & ASSOCIATION INFORMATION
The Thunder Bay Real Estate Board today has 261 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.
THUNDER BAY REAL ESTATE BOARD
Contact info:
1135 Barton St
Thunder Bay, ON P7B 5N3
P 807-623-8422
F 807-623-0375
info@thunderbay-mls.on.ca
Andrew Lawrence
