CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER
Sales to active ratio:
- May 2024 = 14%
- Detached homes = 12%
- Condos = 18%
- Townhomes = 11%
- Lower than last month = 21%
- Lower than May 2023 = 35%
- Lower than 5yr May average = 25%
- Lower than 10yr May average = 25%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- May 2024 = 46
- Lower than as last month = 59
- Lower than May 2023 = 61
- Lower than 5 yr avg = 59
- 22% Lower than 5 yr avg
- Lower than 10 yr avg = 54
- 14% Lower than 10 yr avg
Inventory:
- May 2024 = 325
- Higher than last month =286
- Higher than May 2023 = 172
- Higher than the 5 yr avg = 280
- Higher than the 10 yr avg = 259
In a nutshell
May was a pretty soft month for sales in Whistler. Lower than average sales and higher than average inventory. Will the recent rate cut kick start the market? Only time will tell!