The real estate market in Ajax for all property types saw a slight decrease in average sale price from $1,002,821 in May to $982,871 in June. However, this is still higher compared to the average price of $998,336 one year ago. The number of properties sold also decreased from 132 in May to 118 in June, indicating a slight slowdown in sales activity. The average days on market remained relatively stable at 14 days in June, showing that properties are still selling quickly. The sales price to list price ratio stayed consistent at 104%, suggesting that sellers are still able to command strong offers close to their asking price. The benchmark price for all property types in Ajax was $994,400 in June, showing a decrease of 0.4% from the previous month and a decrease of 6.15% from one year ago.
Overall, the market in Ajax for all property types appears to be balanced, with a moderate level of inventory at 2.28 months in June. The sales to new listings ratio (SNLR) decreased slightly from 53.44% in May to 39.46% in June, indicating a slight shift towards a more balanced market. The average sale price has remained relatively stable over the past year, suggesting that buyers and sellers are finding common ground in negotiations. With a benchmark price decrease of 0.4% from the previous month, buyers may find some opportunities in the market, while sellers may need to adjust their pricing strategies to remain competitive.
