CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER
Sales to active ratio:
- July 2020 = 17%
- Detached homes = 14%
- Condos = 15%
- Townhomes = 23%
- Higher than last month = 12%
- Higher than July 2019 = 10%
- Lower than 5yr July average = 19%
- Higher than 10yr July average = 14%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- July 2020 = 62
- Higher than last month = 43
- Higher than July 2019 = 31
- Higher than 5 yr avg = 51
- 18% Higher than 5 yr avg
- Higher than the 10 yr avg = 46
- 26% higher than 10 yr avg
Inventory:
- July 2020 = 366
- Lower than last month = 372
- Higher than July 2019 = 299
- Higher than the 5 yr avg = 289
- Lower than the 10 yr avg = 415
In a nutshell
July was busy! Busiest July since 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!