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October 2019 Stats
Sales to active ratio:
- Oct 2019 = 17%
- Detached homes = 8%
- Condos = 24%
- Townhomes = 22%
- Higher than last month = 15%
- Lower than Oct 2018 = 28%
- Lower than 5yr Oct average = 30%
- Lower than 10yr Oct average = 19%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Oct 2019 = 51
- Lower than last month = 48
- Lower than Oct 2018 = 58
- Down from 5 yr avg = 67
- 32% lower than 5 yr avg
- Down on the 10 yr avg = 55
- 8% Lower than the 10 yr avg
Inventory:
- Oct 2019 = 303
- Lower than last month = 316
- Higher than Oct 2018 = 210
- Higher than the 5 yr avg = 269
- Lower than the 10 yr avg = 397
Overall what’s going on:
Overall, October was the lowest October for sales in the last 4 years. That being said, it actually felt somewhat busy. This is because it was a best month for sales in 2019 so far! Let’s see what the winter brings….now we just need some snow!!