CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER
Sales to active ratio:
- July 2024 = 8%
- Detached homes = 5%
- Condos = 8%
- Townhomes = 9%
- Lower than last month = 9%
- Lower than July 2023 = 17%
- Lower than 5yr July average = 18%
- Lower than 10yr July average = 19%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- July 2024 = 26
- Lower than as last month = 32
- Lower than July 2023 = 33
- Lower than 5 yr avg = 41
- 36% Lower than 5 yr avg
- Lower than 10 yr avg = 47
- 44% Lower than 10 yr avg
Inventory:
- July 2024 = 334
- Lower than last month =339
- Higher than July 2023 = 199
- Higher than the 5 yr avg = 266
- Higher than the 10 yr avg = 285
In a nutshell
July was a pretty slow month in Whistler real estate. Lower than average sales, higher than average inventory, and lower levels of sales to active ratio. With 2 rate drops, I anticipate the fall market to be pretty busy, but time will tell!