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Sales to active ratio:
- December 2021 = 46%
- Detached homes = 27%
- Condos = 49%
- Townhomes = 116%
- Lower than last month = 67%
- Higher than Dec 2020 = 33%
- Higher than 5yr Dec average = 26%
- Higher than 10yr Dec average = 19%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- December 2021 = 34
- Lower than last month = 54
- Lower than Dec 2020 = 70
- Lower than 5 yr avg = 40
- 15% Lower than 5 yr avg
- Lower than the 10 yr avg = 41
- 17% Lower than 10 yr avg
Inventory:
- December 2021 = 74
- Lower than last month = 81
- Lower than Dec 2020 = 212
- Lower than the 5 yr avg = 181
- Lower than the 10 yr avg = 300
In a nutshell
Dec saw fewer sales than the 5yr + 10yr Dec avg. Inventory was EXTREMELY low, 74 avg inventory, that’s the lowest month EVER (as far back as I can see, about 20yrs).