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Stats: Sales to active ratio:
- April 2024 = 27%
- Detached homes = 12%
- Condos = 34%
- Townhomes = 69%
- Higher than last month =18%
- Higher than April 2023 = 25%
- Lower than 5yr April average = 31%
- Lower than 10yr April average = 31%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- April 2024 = 51
- Higher than last month = 32
- Higher than April 2023 = 40
- Lower than the 5 yr avg = 64
- 20% Lower than 5 yr avg
- Lower than the 10 yr avg =58
- 12% Lower than 10 yr avg
Inventory:
- April 2024 = 187
- Higher as last month =173
- Higher than April 2023 = 159
- Lower than the 5 yr avg = 224
- Lower than the 10 yr avg = 199
In a nutshell
April numbers looked relatively strong, although the sales number was below the average for this time of year, it wasn’t that much lower. Inventory is starting to creep up, it is higher than the last 3 Aprils but still a bit lower than the 10 year average.