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Sales to active ratio:
- Feb 2020 Overall = 30%
- Detached homes = 18%
- Condos = 39%
- Townhomes = 54%
- Higher than last month = 19%
- Higher than Feb 2019 = 17%
- Same as the 5yr Feb average = 30%
- Higher than 10yr Feb average = 19%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Feb 2020 Sales = 47
- Higher than last month = 29
- Higher than Feb 2019 = 39
- Lower than the 5 yr avg = 51
- 8% lower than 5 yr avg
- Higher than 10 yr avg = 38
- 23% Higher than 10 yr avg
Inventory:
- Feb 2020 = 157
- More than last month = 156
- Less than Feb 2019 = 228
- Lower than the 5 yr avg = 178
- Lower than the 10 yr avg = 258
In a nutshell:
These stats look great, they look like the market is trucking along. Unfortunately COVID-19 has interrupted the market, seems like everything is on pause. Let’s see how this unfolds over the next few weeks, but this will have a major impact on the real estate market. Stay safe and keep well!