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Sales to active ratio:

• February 2023 = 20%
• Detached homes = 12% 
• Condos = 18%
• Townhomes = 38%
• Higher than last month = 13%
• Lower than February 2022 = 74%
• Lower than 5yr February average = 32% 
• Lower than 10yr February average = 27%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• February 2023 = 38
• Higher than as last month = 23
• Higher than February 2022 = 35
• Lower than 5 yr avg = 53
• 28% lower than 5 yr avg
• Lower than the 10 yr avg = 58
• 34% lower than 10 yr avg

Inventory:

• February 2023 = 186
• Higher than last month = 180
• Higher than February 2022 = 105
• Lower than the 5 yr avg = 207
• Lower than the 10 yr avg = 276

In a nutshell
February was pretty slow overall….BUT it picked up in the last week, and it’s still busy right now! With the recent 0% rate hike I anticipate even more life being injected into this already busy spring market.

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• February 2023 = 20%
• Detached homes = 13% 
• Condos = 32%
• Townhomes = 29%
• Higher than last month = 14%
• Lower than February 2022 = 94%
• Lower than 5yr February average = 42% 
• Lower than 10yr February average = 33%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• February 2023 = 28
• Higher than last month = 17
• Lower than February 2022 = 80
• Lower than 5 yr avg = 55
• 49% lower than 5 yr avg
• Lower than the 10 yr avg = 49
• 43% lower than 10 yr avg

Inventory:

• February 2023 = 143
• Higher than last month =123
• Higher than February 2022 = 85
• Lower than the 5 yr avg = 152
• Lower than the 10 yr avg = 193

In a nutshell
February was pretty slow overall….BUT it picked up in the last week, and it’s still busy right now! With the recent 0% rate hike I anticipate even more life being injected into this already busy spring market.

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• January 2023 = 13%
• Condos = 18%
• Townhomes = 11%
• Lower than last month = 18%
• Lower than January 2022 = 42%
• Lower than 5yr January average = 25% 
• Lower than 10yr January average = 20%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• January 2023 = 23
• Lower than as last month = 32
• Lower than January 2022 = 45
• Lower than 5 yr avg = 43
• 46% lower than 5 yr avg
• Lower than the 10 yr avg = 44
• 47% lower than 10 yr avg

Inventory:

• January 2023 = 179
• Higher than last month = 175
• Higher than January 2022 = 108
• Lower than the 5 yr avg = 197
• Lower than the 10 yr avg = 270

In a nutshell
The market in January was slow, one of the slowest Januarys in the last decade. That being said, it’s deep into February now and the market has picked up. Stay tuned for the next real estate update! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• January 2023 = 14%
• Detached homes = 11% 
• Condos = 15%
• Townhomes = 25%
• Lower than last month = 16%
• Lower than January 2022 = 44%
• Lower than 5yr January average = 23% 
• Lower than 10yr January average = 19%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• January 2023 = 17
• Lower than last month = 22
• Lower than January 2022 = 34
• Lower than 5 yr avg = 29
• 41% lower than 5 yr avg
• Lower than the 10 yr avg = 28
• 39% lower than 10 yr avg

Inventory:

• January 2023 = 119
• Lower than last month =137
• Higher than January 2022 = 78
• Lower than the 5 yr avg = 142
• Lower than the 10 yr avg = 179

In a nutshell
The market in January was slow, one of the slowest Januarys in the last decade. That being said, it’s deep into February now and the market has picked up. Stay tuned for the next real estate update! 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• December 2022 = 19%
• Detached homes = 24% 
• Condos = 15%
• Townhomes = 23%
• Higher as last month = 17%
• Lower than December 2021 = 44%
• Lower than 5yr December average = 25% 
• Lower than 10yr December average = 20%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• December 2022 = 32
• Lower than as last month = 34
• Lower than December 2021 = 34
• Lower than 5 yr avg = 39
• 18% lower than 5 yr avg
• Lower than the 10 yr avg = 41
• 22% lower than 10 yr avg

Inventory:

• December 2022 = 169
• Lower than last month = 201
• Higher than December 2021 = 77
• Lower than the 5 yr avg = 181
• Lower than the 10 yr avg = 263

In a nutshell
More of the same, December was one of the slower December’s in the last decade. Start of a new year may breathe some life back into the market, the next few rate hike dates will be important to watch. 

CLICK HERE FOR A FULL VERSION OF THE NEWSLETTER

Sales to active ratio:

• December 2022 = 18%
• Detached homes = 10% 
• Condos = 26%
• Townhomes = 27%
• Higher than last month = 17%
• Lower than December 2021 = 98%
• Lower than 5yr December average = 43% 
• Lower than 10yr December average = 33%
• **Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**

Sales:

• December 2022 = 22
• Lower than last month = 30
• Lower than December 2021 = 50
• Lower than 5 yr avg = 40
• 45% lower than 5 yr avg
• Lower than the 10 yr avg = 36
• 39% lower than 10 yr avg

Inventory:

• December 2022 = 121
• Lower than last month =175
• Higher than December 2021 = 51
• Lower than the 5 yr avg = 124
• Lower than the 10 yr avg = 158

In a nutshell
More of the same, December was one of the slower December’s in the last decade. Start of a new year may breathe some life back into the market, the next few rate hike dates will be important to watch.