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Sales to active ratio:
- Nov 2024 = 26%
- Detached homes = 24%
- Condos = 28%
- Townhomes = 32%
- Higher than last month = 25%
- Higher than Nov 2023 = 20%
- Higher than 5yr Nov average = 24%
- Lower than 10yr Nov average = 29%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Nov 2024 = 47
- Lower than last month = 54
- Higher than Nov 2023 = 38
- Higher than the 5 yr avg = 45
- 4% Higher than 5 yr avg
- Same as the 10 yr avg = 47
Inventory:
- Nov 2024 = 181
- Lower than last month =216
- Lower than Nov 2023 = 187
- Lower than the 5 yr avg = 204
- Lower than the 10 yr avg = 183
In a nutshell
The market for Nov was average to average/strong. Average sales compared to the 5 & 10 yr averages, but strong than the last 2 Novembers. Inventory, similar to 5 yr Nov average, but about 10% higher than the 10yr Nov average. Sales to active ratio, between the 5 & 10 yr Nov averages.