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Sales to active ratio:
- December 2020 = 34%
- Detached homes = 13%
- Condos = 26%
- Townhomes = 124%
- Lower than last month = 42%
- Higher than Dec 2019 = 13%
- Higher than 5yr Dec average = 23%
- Higher than 10yr Dec average = 16%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Dec 2020 = 70
- Lower than last month = 104
- Higher than Dec 2019 = 36
- Higher than 5 yr avg = 48
- 46% Higher than 5 yr avg
- Higher than the 10 yr avg = 40
- 75% higher than 10 yr avg
Inventory:
- Dec 2020 = 203
- Lower than last month = 246
- Lower than Dec 2019 = 279
- Lower than the 5 yr avg = 219
- Lower than the 10 yr avg = 340
In a nutshell
The market is busy! Strongest December we’ve seen in the last 4 years, and highest YTD sales in the last 4 years. I imagine it will only get stronger as we creep into 2021, time will tell!