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Sales to active ratio:
- August 2020 = 18%
- Detached homes = 15%
- Condos = 13%
- Townhomes = 32%
- Higher than last month = 17%
- Lower than Aug 2019 = 19%
- Lower than 5yr Aug average = 23%
- Higher than 10yr Aug average = 16%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Aug 2020 = 66
- Higher than last month = 62
- Higher than Aug 2019 = 49
- Higher than 5 yr avg = 62
- 6% Higher than 5 yr avg
- Higher than the 10 yr avg = 52
- 26% higher than 10 yr avg
Inventory:
- Aug 2020 = 369
- Lower than last month = 373
- Higher than Aug 2019 = 320
- Higher than the 5 yr avg = 289
- Lower than the 10 yr avg = 418
In a nutshell
August was a solid month of real estate sales, high # of sales and especially high dollar volume of sales. Inventory remains somewhat high (relative to the last 4 Augusts) which is keeping prices in line. Let’s see how Fall plays out!