Benchmark prices up accross the board, between 24.3% - 28.5%

In March benchmark prices for detached homes passed the million mark for the first time. 
Two months later, in May, the benchmark price passed $1,100,000.
Six months later the benchmark price for detached homes has broken $1,200,000.

In the last 30 days the benchmark price for detached homes has risen $50,200.
The question now becomes if detached homes will break the $1,300,000 mark in the coming months.

April: $972,600
March: $1,043,900
April: $1,098,700
May: $1,121,500
June: $1,131,000
July: $1,129,900
August: $1,138,700
September: $1,149,900
October: $1,176,600
November: $1,204,000
December: $1,254,200

Compared to December 2020 the benchmark price for detached homes in Maple Ridge has increased $348,900.

Supply continued to decrease for the fourth month in a row.
Detached homes saw a 51.8% decrease in supply over the last 30 days. Condos saw a 22% decline.
 After seeing a slight increase in supply in November, townhouses saw a 55.2% decrease in supply during December. 
Compared to the same time in 2020 supply is down across the board between 58-72.9%

The last quarter has proven a trend of rapidly increasing prices; a large number of buyers are competing for fewer and fewer homes.
This is not forecasted to change in the beginning of 2022.

While December was an active month for the market, sales were down compared to November 2021 due to lack of supply.
Detached: -18.1%
Condo: -10.2%
Townhouse: -63%