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Sales to active ratio:
- September 2023 = 11%
- Detached homes = 5%
- Condos = 16%
- Townhomes = 14%
- Lower than last month = 17%
- Lower than September 2022 = 17%
- Lower than 5yr September average = 25%
- Lower than 10yr September average = 25%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- September 2023 = 26
- Lower than as last month = 35
- Lower than September 2022 = 35
- Lower than 5 yr avg = 52
- 50% Lower than 5 yr avg
- Lower than 10 yr avg = 61
- 57% Lower than 10 yr avg
Inventory:
- September 2023 = 236
- Higher than last month =207
- Higher than September 2022 = 211
- Same as the 5 yr avg = 236
- Lower than the 10 yr avg = 280
In a nutshell
Low sales volume for a September, and inventory is still low but slowly starting to work it’s way up to average levels. The market has only slowed more as we approach the end of October, we will see if this last rate pause brings any life to the market.