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Sales to active ratio:
- September 2022 Overall = 16%
- Detached homes = 11%
- Condos = 31%
- Townhomes =13%
- Higher than last month = 11%
- Lower than September 2021 = 49%
- Lower than 5yr September average = 25%
- Lower than 10yr September average = 23%
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- September 2022 Sales = 31
- Higher than last month = 22
- Lower than September 2021 = 51
- Lower than 5 yr avg = 47
- 34% lower than 5 yr avg
- Lower than 10 yr avg = 46
- 32% lower than 10 yr avg
Inventory:
- September 2022 = 191
- Lower than last month = 205
- Higher than September 2021 = 105
- Lower than the 5 yr avg = 210
- Lower than the 10 yr avg = 247
In a nutshell
Low number of sales, but inventory is also low, giving us a balanced market. Polygon’s new development Highline is here! Incredible views, great location, large floorpans. Hit me up for details!