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Sales to active ratio:
- Oct 2024 = 18%
- Detached homes = 10%
- Condos = 30%
- Townhomes = 9%
- Higher than last month = 11%
- Lower than Oct 2023 = 24%
- Lower than 5yr Oct average = 31%
- Lower than 10yr Oct average = 31%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Oct 2024 = 53
- Higher than as last month = 33
- Lower than Oct 2023 = 56
- Lower than 5yr avg = 63
- 16% Lower than 5yr avg
- Lower than 10yr avg = 66
- 19% Lower than 10yr avg
Inventory:
- Oct 2024 = 288
- Lower than last month =312
- Higher than Oct 2023 = 232
- Higher than the 5yr avg = 239
- Higher than the 10yr avg = 250
In a nutshell
October was pretty a bit behind average compared to the 5 + 10 year averages, below average sales and higher than average inventory. Things seem to be picking up slightly, especially because the last 6-8 months have been painfully slow. Let’s see how that translates to stats for next month’s update!