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Sales to active ratio:
- June 2020 Overall = 23%
- Detached homes = 15%
- Condos = 25%
- Townhomes = 36%
- Higher than last month = 10%
- Higher than June 2019 = 14%
- Lower than the 5yr June average = 27%
- Higher than 10yr June average = 19%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- June 2020 Sales = 52
- Higher than last month = 22
- Higher than June 2019 = 39
- Lower than 5 yr avg = 57
- 9% lower than 5 yr avg
- Higher than 10 yr avg = 47
- 10% higher than 10 yr avg
Inventory:
- June 2020 = 229
- More than last month = 228
- Less than June 2019 = 269
- Lower than the 5 yr avg = 312
- Higher than the 10 yr avg = 225
In a nutshell
June was a hopping month! Sales were high, market was moving. It seemed like it was a delayed spring demand coming to fruition. July, especially the end of July, was much quieter. I anticipate a busier end of summer and early fall, time will tell!