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Sales to active ratio:
- July 2020 Overall = 30%
- Detached homes = 23%
- Condos = 26%
- Townhomes = 43%
- Higher than last month = 22%
- Higher than July 2019 = 13%
- Higher than the 5yr July average = 25%
- Higher than 10yr July average = 18%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- July 2020 Sales = 70
- Higher than last month = 52
- Higher than July 2019 = 36
- Higher than 5 yr avg = 56
- 20% higher than 5 yr avg
- Higher than 10 yr avg = 47
- 33% higher than 10 yr avg
Inventory:
- July 2020 = 235
- More than last month = 232
- Less than July 2019 = 272
- Higher than the 5 yr avg = 232
- Lower than the 10 yr avg = 313
In a nutshell
Woah, July was busy! Busiest July in the past 4 years and busiest month of real estate since May 2017! Still pent up spring demand? Will this keep rolling into the fall? Only time will tell, wait for the next market update to find out!