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Sales to active ratio:
- November 2023 = 16%
- Detached homes = 15%
- Condos = 19%
- Townhomes = 13%
- Lower than last month = 25%
- Lower than November 2022 = 17%
- Lower than 5yr November average = 30%
- Lower than 10yr November average = 27%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- November 2023 = 34
- Lower than as last month = 56
- Same as November 2022 = 34
- Lower than 5 yr avg = 55
- 39% Lower than 5 yr avg
- Lower than 10 yr avg = 57
- 40% Lower than 10 yr avg
Inventory:
- November 2023 = 215
- Lower than last month =228
- Higher than November 2022 = 204
- Higher than the 5 yr avg = 212
- Lower than the 10 yr avg = 253
In a nutshell
Sales were slower than the 5 and 10 year averages, and inventory levels are creeping up near the 5 and 10 year averages. The overall feeling is somewhat positive for the market in 2024, but only time will tell!