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Sales to active ratio:
- April 2024 = 21%
- Detached homes = 8%
- Condos = 39%
- Townhomes = 10%
- Higher than last month = 16%
- Lower than April 2023 = 28%
- Lower than 5yr April average = 24%
- Lower than 10yr April average = 25%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- April 2024 = 59
- Higher than as last month = 42
- Higher than April 2023 = 50
- Lower than 5 yr avg = 61
- 3% Lower than 5 yr avg
- Higher than 10 yr avg = 56
- 5% Higher than 10 yr avg
Inventory:
- April 2024 = 281
- Higher than last month =267
- Higher than April 2023 = 178
- Lower than the 5 yr avg = 284
- Higher than the 10 yr avg = 254
In a nutshell
April numbers looked relatively strong, the sales number was between the 5 + 10 year averages for this time of year. Inventory is starting to creep up, now sitting close to the 5 year average but about 10% higher than the 10 year April average.