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- Sales to active listings = 39% for March 2018, compared to 39% in February 2018 and 38% in March 2017.
**This ratio is calculating the monthly sales compared to the total # of listings, basically if there were no other listings how long would it take for the listings to run out. At 40% it would take less than 2.5 months.
Referencing this statistic: <12% is a buyers market and puts downward pressure on price, between 12%-20% is a balanced market with no pressure on price, >20% is a sellers market with upward pressure on price.
Referencing this statistic: <12% is a buyers market and puts downward pressure on price, between 12%-20% is a balanced market with no pressure on price, >20% is a sellers market with upward pressure on price.
- HPI Benchmark Price:
Detached: March 2018 = $1.67M, that’s $131k higher than March 2017.
Townhomes: March 2018 = $1M, that’s $160k higher than March 2017.
Condos: March 2018 = $535k, that’s $123k higher than March 2017.
Townhomes: March 2018 = $1M, that’s $160k higher than March 2017.
Condos: March 2018 = $535k, that’s $123k higher than March 2017.
- In the last 30 days 56% of properties sold for under the list price, 22% sold over asking and 22% at list price.