City of Thunder Bay MLS® single detached home sales remain below average, median price still up year-over-year in September
Sales of single detached homes in the City of Thunder Bay numbered 80 units in September 2022. This was a sharp decrease of 17.5% from the same period in 2021.
Single detached home sales were 14.5% below the five-year average and 18.7% below the 10-year average for the month of September.
On a year-to-date basis, single detached home sales totaled 783 units over the first nine months of the year. This was down by 8% from the same period in 2021.
The median sale price for single detached homes sold in September 2022 was $315,000, an increase of 8.7% from September 2021.
The more comprehensive year-to-date median price was $326,000, a sizable gain of 12.5% from the first nine months of 2021.
Single detached properties spent more time on the market before selling in September 2022 than they had a year earlier. The median number of days on market for single detached home sales was 18 in September 2022, up from the 16 days recorded in September 2021.
The dollar value of all single detached home sales in September 2022 was $28 million, falling by 7.5% from the same month in 2021.
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.
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
