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Sales to active ratio:
- May 2020 = 4%
- Detached homes = 1%
- Condos = 4%
- Townhomes = 5%
- Same last month = 4%
- Lower than May 2019 = 12%
- Lower than 5yr May average = 23%
- Lower than 10yr May average = 16%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- May 2020 = 12
- Higher than last month = 11
- Lower than May 2019 = 32
- Lower than 5 yr avg = 53
- 77% lower than 5 yr avg
- Lower than the 10 yr avg = 45
- 73% lower than 10 yr avg
Inventory:
- May 2020 = 322
- Higher than last month = 307
- Higher than May 2019 = 279
- Higher than the 5 yr avg = 263
- Lower than the 10 yr avg = 388
In a nutshell
The stats show that the market is REALLY slow right now. The feeling in the market is busier than the stats portray, but it is still quite slow. Vancouver and Squamish have picked up in the last month or so, Whistler hasn’t followed suit quite yet, but with the opening of the bike park let’s see if things pick back up for deep summer!