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Sales to active ratio:

• December 2023 = 12%
• Detached homes = 3% 
• Condos = 17%
• Townhomes = 15%
• Lower than last month = 15%
• Lower than December 2022 = 18%
• Lower than 5yr December average = 21% 
• Lower than 10yr December average = 20%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• December 2023 = 25
• Lower than as last month = 34
• Lower than December 2022 = 32
• Lower than 5 yr avg = 36
• 30% Lower than 5 yr avg
• Lower than 10 yr avg = 41
• 39% Lower than 10 yr avg

Inventory:

• December 2023 = 214
• Lower than last month =223
• Higher than December 2022 = 175
• Higher than the 5 yr avg = 196
• Lower than the 10 yr avg = 235

In a nutshell
Slow sales for this time of year, even though this is typically a slower time of year, it was slow even for this time of year! Inventory levels are starting to rise, now hovering between the 5 + 10 year average levels for this time of year. The outlook for 2024 looks good though! Rate cuts are expected, the general thought process for industry experts is that 2024 will be a good year for sales and prices. If you’re thinking of getting off the sidelines, the sooner the better. Reach out with any questions, I’m happy to help find you the perfect place! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• December 2023 = 15%
• Detached homes = 13% 
• Condos = 14%
• Townhomes = 21%
• Lower than last month =21%
• Same as December 2022 = 15%
• Lower than 5yr December average = 38% 
• Lower than 10yr December average = 33%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• December 2023 = 21
• Lower than last month = 38
• Lower than December 2022 = 22
• Lower than the 5 yr avg = 36
• 41% lower than 5 yr avg
• Lower than the 10 yr avg =36
• 41% lower than 10 yr avg

Inventory:

• December 2023 = 137
• Lower than last month =179
• Lower than December 2022 = 142
• Higher than the 5 yr avg = 132
• Lower than the 10 yr avg = 147

In a nutshell
Slow sales for this time of year, even though this is typically a slower time of year, it was slow even for this time of year! Inventory levels are starting to rise, now hovering between the 5 + 10 year average levels for this time of year. The outlook for 2024 looks good though! Rate cuts are expected, the general thought process for industry experts is that 2024 will be a good year for sales and prices. If you’re thinking of getting off the sidelines, the sooner the better. Reach out with any questions, I’m happy to help find you the perfect place! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• November 2023 = 16%
• Detached homes = 15% 
• Condos = 19%
• Townhomes = 13%
• Lower than last month = 25%
• Lower than November 2022 = 17%
• Lower than 5yr November average = 30% 
• Lower than 10yr November average = 27%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• November 2023 = 34
• Lower than as last month = 56
• Same as November 2022 = 34
• Lower than 5 yr avg = 55
• 39% Lower than 5 yr avg
• Lower than 10 yr avg = 57
• 40% Lower than 10 yr avg

Inventory:

• November 2023 = 215
• Lower than last month =228
• Higher than November 2022 = 204
• Higher than the 5 yr avg = 212
• Lower than the 10 yr avg = 253

In a nutshell
Sales were slower than the 5 and 10 year averages, and inventory levels are creeping up near the 5 and 10 year averages. The overall feeling is somewhat positive for the market in 2024, but only time will tell! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• November 2023 = 22%
• Detached homes = 15% 
• Condos = 20%
• Townhomes = 42%
• Higher than last month = 15%
• Higher than November 2022 = 15%
• Lower than 5yr November average = 31% 
• Lower than 10yr November average = 28%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• November 2023 = 38
• Higher than last month = 30
• Higher than November 2022 = 30
• Lower than the 5 yr avg = 46
• 17% lower than 5 yr avg
• Lower than the 10 yr avg =46
• 17% lower than 10 yr avg

Inventory:

• November 2023 = 172
• Lower than last month =199
• Lower than November 2022 = 180
• Lower than the 5 yr avg = 175
• Lower than the 10 yr avg = 194

In a nutshell
Sales were slower than the 5 and 10 year averages, and inventory levels are creeping up near the 5 and 10 year averages. The overall feeling is somewhat positive for the market in 2024, but only time will tell! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• October 2023 = 25%
• Detached homes = 10% 
• Condos = 61%
• Townhomes = 12%
• Higher than last month = 11%
• Higher than October 2022 = 16%
• Lower than 5yr October average = 32% 
• Lower than 10yr October average = 30%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• October 2023 = 56
• Higher than as last month = 26
• Higher than October 2022 = 36
• Lower than 5 yr avg = 63
• 11% Lower than 5 yr avg
• Lower than 10 yr avg = 66
• 15% Lower than 10 yr avg

Inventory:

• October 2023 = 221
• Lower than last month =238
• Lower than October 2022 = 229
• Lower the 5 yr avg = 224
• Lower than the 10 yr avg = 266

In a nutshell
October saw slightly less than average sales for this time of year, and inventory is creeping back up to average levels. Let’s see what December brings us! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• Oct 2023 = 15%
• Detached homes = 8% 
• Condos = 20%
• Townhomes = 29%
• Higher than last month = 14%
• Higher than October 2022 = 14%
• Lower than 5yr October average = 31% 
• Lower than 10yr October average = 29%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• October 2023 = 30
• Higher than last month = 27
• Higher than October 2022 = 29
• Lower than the 5 yr avg = 53
• 43% lower than 5 yr avg
• Lower than the 10 yr avg =54
• 44% lower than 10 yr avg

Inventory:

• October 2023 = 194
• Higher than last month =191
• Lower than October 2022 = 205
• Lower than the 5 yr avg = 197
• Lower than the 10 yr avg = 214

In a nutshell
October saw lower sales than normal for this time of year, and inventory is creeping back up to average levels. Let’s see what December brings us!