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Sales to active ratio:
- August 2026 = 13%
- Detached homes = 16%
- Condos =10%
- Townhomes =18%
- Lower than last month = 19%
- Lower than August 2025 = 20%
- Lower than 5yr August average = 21%
- Lower than 10yr August average = 22%
- **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- August 2026 = 28
- Lower than last month = 49
- Lower than August 2025 = 47
- Lower than the 5 yr avg = 37
- 24% Lower than 10 yr avg
- Lower than the 10 yr avg = 45
- 38% Lower than 10 yr avg
Inventory:
- August 2026 = 211
- Lower than last month = 263
- Lower than August 2025 = 240
- Higher than the 5 yr avg = 194
- Lower than the 10 yr avg = 240
In a nutshell
August was pretty slow for sales, the second lowest on record in the last 10 years. Inventory is getting to average levels, between the 5/10 yr averages. The market historically picks up now until the end of October, let’s see if history repeats itself or if we are writing a different kind of story.