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Sales to active ratio:
- Dec 2024 = 14%
- Detached homes = 5%
- Condos = 21%
- Townhomes = 14%
- Lower than last month = 15%
- Higher than Dec 2023 = 11%
- Lower than 5yr Dec average = 21%
- Lower than 10yr Dec average = 22%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- Dec 2024 = 33
- Lower than as last month = 41
- Higher than Dec 2023 = 25
- Lower than 5yr avg = 38
- 13% Lower than 5yr avg
- Lower than 10yr avg = 40
- 17% Lower than 10yr avg
Inventory:
- Dec 2024 = 235
- Lower than last month =281
- Higher than Dec 2023 = 222
- Higher than the 5yr avg = 219
- Higher than the 10yr avg = 200
In a nutshell
December was a bit quieter than average levels, but busier than December 23, about there same as the previous 2 Decembers before that. Seems like it’s picking up in January though!