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Sales to active ratio:
- Nov 2024 = 15%
- Detached homes = 7%
- Condos = 21%
- Townhomes = 18%
- Lower than last month = 18%
- Same as Nov 2023 = 15%
- Lower than 5yr Nov average = 24%
- Lower than 10yr Nov average = 27%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Nov 2024 = 41
- Lower than as last month = 53
- Higher than Nov 2023 = 34
- Lower than 5yr avg = 57
- 28% Lower than 5yr avg
- Lower than 10yr avg = 55
- 25% Lower than 10yr avg
Inventory:
- Nov 2024 = 273
- Lower than last month =291
- Higher than Nov 2023 = 227
- Higher than the 5yr avg = 264
- Higher than the 10yr avg = 235
In a nutshell
Sales were a bit less than the 5 + 10 year averages, inventory was similar to the 10yr Nov average, but lower than the 5yr average. Sales to active ratio, lower than the 5 & 10 year Nov averages, but about the same as the last 2 Novembers.