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Sales to active ratio:
- Feb 2020 = 12%
- Detached homes = 7%
- Condos = 13%
- Townhomes = 12%
- Just below last month = 13%
- Higher than Feb 2019 = 10%
- Lower than 5yr Feb average = 23%
- Lower than 10yr Feb average = 16%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Feb 2020 = 35
- Lower than last month = 38
- Higher than Feb 2019 = 29
- Down from 5 yr avg = 55
- 36% lower than 5 yr avg
- Lower than the 10 yr avg = 38
- 8% lower than 10 yr avg
Inventory:
- Feb 2020 = 305
- Higher than last month = 286
- Higher than Feb 2019 = 278
- Higher than the 5 yr avg = 262
- Lower than the 10 yr avg = 337
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!