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Sales to active ratio:
- December 2021 Overall = 109%
- Detached homes = 79%
- Condos = 214%
- Townhomes = 143%
- Higher than last month = 61%
- Higher than Dec 2020 = 73%
- Higher than 5yr Dec average = 45%
- Higher than 10yr Dec average = 33%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- December 2021 Sales = 50
- Lower than last month = 51
- Lower than Dec 2020 = 75
- Higher than 5 yr avg = 42
- 19% Higher than 5 yr avg
- Higher than 10 yr avg = 36
- 39% Higher than 10 yr avg
Inventory:
- December 2021 = 46
- Lower than last month = 84
- Lower than Dec 2020 = 102
- Lower than the 5 yr avg = 138
- Lower than the 10 yr avg = 171
In a nutshell
Dec was a strong month. 50 sales, that’s quite a bit, but not as high as Dec 2020 which saw 75 sales. Inventory was EXTREMELY low, 46 avg inventory, that’s the lowest month EVER (as far back as I can see, about 20yrs).