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Sales to active ratio:
- Dec 2024 = 21%
- Detached homes = 20%
- Condos = 21%
- Townhomes = 25%
- Lower than last month = 25%
- Higher than Dec 2023 = 14%
- Lower than 5yr Dec average = 40%
- Lower than 10yr Dec average = 34%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Dec 2024 = 29
- Lower than last month = 47
- Higher than Dec 2023 = 21
- Lower than the 5 yr avg = 39
- 26% Lower than 5 yr avg
- Lower than the 10 yr avg = 37
- 22% Lower than 10 yr avg
Inventory:
- Dec 2024 = 140
- Lower than last month =190
- Lower than Dec 2023 = 156
- Higher than the 5 yr avg = 123
- Higher than the 10 yr avg = 139
In a nutshell
December was a bit quieter than average levels, but busier than the previous 2 Decembers. Seems like it’s picking up in January though!