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Stats: Sales to active ratio:
- July 2024 = 24%
- Detached homes = 14%
- Condos = 29%
- Townhomes = 38%
- Higher than last month =23%
- Higher than July 2023 = 23%
- Higher than 5yr July average = 22%
- Same as the 10yr July average = 24%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- July 2024 = 53
- Higher than last month = 51
- Higher than July 2023 = 41
- Higher than the 5 yr avg = 45
- 17% Higher than 5 yr avg
- Higher than the 10 yr avg =51
- 4% Higher than 10 yr avg
Inventory:
- July 2024 = 223
- Higher than last month =222
- Higher than July 2023 = 175
- Higher than the 5 yr avg = 210
- Higher than the 10 yr avg = 219
In a nutshell
July was a pretty good month in Squamish real estate. Average to slightly higher than average sales, average to slightly higher than average inventory, and average levels of sales to active ratio. With 2 rate drops, I anticipate the fall market to be pretty busy, but time will tell!