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Sales to active ratio:
- September 2022 = 18%
- Detached homes = 10%
- Condos = 27%
- Townhomes = 14%
- Same as last month = 18%
- Lower than September 2021 = 58%
- Lower than 5yr September average = 30%
- Lower than 10yr September average = 25%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- September 2022 = 36
- Lower than last month = 40
- Lower than September 2021 = 68
- Lower than 5 yr avg = 58
- 38% lower than 5 yr avg
- Lower than the 10 yr avg = 62
- 42% lower than 10 yr avg
Inventory:
- September 2022 = 201
- Lower than last month =220
- Higher than September 2021 = 117
- Lower than the 5 yr avg = 222
- Lower than the 10 yr avg = 312
In a nutshell
Low number of sales, but inventory is also low, giving us a balanced market.