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 September 2023. The sales and Vaughan for September were down, just over 19% over last year. We had 182 sales compared to 224 sales last year. Last month, we had 936 active listings and that's up about 76% from September of last year where we had 529 active listings. The average selling price in Vaughan for all home types in September was $1.281,624, up about 4% from $1.231,72 in September 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 5 months of inventory.

Let's have a look at our DOM (days on market). Our average days on market in September were 23 days on market. That's down from 26 days from August 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.

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