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Sales to active ratio:
- May 2022 = 31%
- Detached homes = 12%
- Condos = 37%
- Townhomes = 48%
- Lower than last month = 45%
- Lower than May 2021 = 42%
- Higher than 5yr May average = 27%
- Higher than 10yr May average = 22%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- May 2022 = 51
- Lower than last month = 59
- Lower than May 2021 = 74
- Higher than 5 yr avg = 50
- 2% Higher than 5 yr avg
- Lower than the 10 yr avg = 52
- 2% lower than 10 yr avg
Inventory:
- May 2022 = 165
- Higher than last month =131
- Lower than May 2021 = 175
- Lower than the 5 yr avg = 218
- Lower than the 10 yr avg = 316
In a nutshell
Low sales, still relatively low inventory…but it’s climbing. We know we’ve seen the peak of the market, the real question is what does the downturn look like and for how long. Time will tell!!