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Sales to active ratio:
- October 2023 = 25%
- Detached homes = 10%
- Condos = 61%
- Townhomes = 12%
- Higher than last month = 11%
- Higher than October 2022 = 16%
- Lower than 5yr October average = 32%
- Lower than 10yr October average = 30%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- October 2023 = 56
- Higher than as last month = 26
- Higher than October 2022 = 36
- Lower than 5 yr avg = 63
- 11% Lower than 5 yr avg
- Lower than 10 yr avg = 66
- 15% Lower than 10 yr avg
Inventory:
- October 2023 = 221
- Lower than last month =238
- Lower than October 2022 = 229
- Lower the 5 yr avg = 224
- Lower than the 10 yr avg = 266
In a nutshell
October saw slightly less than average sales for this time of year, and inventory is creeping back up to average levels. Let’s see what December brings us!