The FIDI Report: 4Q2023
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Sales:
• The median price was $907,500 in Q4 – a 12% decrease QoQ and a 44% decrease YoY.
• Studios saw the largest gain in overall transactions with a 57% increase in both QoQ and YoY.
• One-bedroom units saw the largest decrease in average price, down 29% YoY.
Rentals:
• The average 3BR+ rent landed at $9,259 – up 33% YoY but down 63% QoQ.
• Price drops increased 493% QoQ but decreased 36% YoY.
• The number of units rented increased 134% QoQ from 166 to 389.
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