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Sales to active ratio:
- Oct 2023 = 15%
- Detached homes = 8%
- Condos = 20%
- Townhomes = 29%
- Higher than last month = 14%
- Higher than October 2022 = 14%
- Lower than 5yr October average = 31%
- Lower than 10yr October average = 29%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- October 2023 = 30
- Higher than last month = 27
- Higher than October 2022 = 29
- Lower than the 5 yr avg = 53
- 43% lower than 5 yr avg
- Lower than the 10 yr avg =54
- 44% lower than 10 yr avg
Inventory:
- October 2023 = 194
- Higher than last month =191
- Lower than October 2022 = 205
- Lower than the 5 yr avg = 197
- Lower than the 10 yr avg = 214
In a nutshell
October saw lower sales than normal for this time of year, and inventory is creeping back up to average levels. Let’s see what December brings us!