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Sales to active ratio:
- Oct 2024 = 26%
- Detached homes = 21%
- Condos = 26%
- Townhomes = 27%
- Higher than last month =16%
- Higher than Oct 2023 = 15%
- Lower than 5yr Oct average = 33%
- Lower than 10yr Oct average = 30%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Oct 2024 = 54
- Higher than last month = 37
- Higher than Oct 2023 = 30
- Lower than the 5 yr avg = 57
- 5% Lower than 5 yr avg
- Lower than the 10 yr avg =56
- 3.5% Lower than 10 yr avg
Inventory:
- Oct 2024 = 210
- Lower than last month =231
- Higher than Oct 2023 = 203
- Higher than the 5 yr avg = 190
- Higher than the 10 yr avg = 202
In a nutshell
October was pretty average compared to the 5 + 10 year averages, slightly below average sales and slightly higher than average inventory, but higher sales compared to the last 2 Octobers. Things seem to be picking up slightly, let’s see how that translates to stats for next month’s update!