CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER
Sales to active ratio:
- December 2022 = 19%
- Detached homes = 24%
- Condos = 15%
- Townhomes = 23%
- Higher as last month = 17%
- Lower than December 2021 = 44%
- Lower than 5yr December average = 25%
- Lower than 10yr December average = 20%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- December 2022 = 32
- Lower than as last month = 34
- Lower than December 2021 = 34
- Lower than 5 yr avg = 39
- 18% lower than 5 yr avg
- Lower than the 10 yr avg = 41
- 22% lower than 10 yr avg
Inventory:
- December 2022 = 169
- Lower than last month = 201
- Higher than December 2021 = 77
- Lower than the 5 yr avg = 181
- Lower than the 10 yr avg = 263
In a nutshell
More of the same, December was one of the slower December’s in the last decade. Start of a new year may breathe some life back into the market, the next few rate hike dates will be important to watch.