July 2019 Stats
Sales to active ratio:
- July 2019 Overall = 14%
- Detached homes = 11%
- Condos = 14%
- Townhomes = 20%
- Lower than last month = 15%
- Lower than July 2018 = 18%
- Lower than 5yr July average = 24%
- Lower than 10yr July average = 17
**Buyer’s market = <12% / Balanced market = 12%-20% / Seller’s market = >20%**
Sales:
- July 2019 Sales = 36
- Down from last month = 39
- Down from July 2018 = 48
- Down from 5 yr avg = 53
- Down from 10 yr avg = 44
Inventory:
- July 2019 = 260
- Last month the same = 260
- About the same as July 2018 = 266
- Higher than the 5 yr avg = 230
- Lower than the 10 yr avg = 320
Overall, what’s going on:
I’ve got to be honest, I was a bit surprised to see these low numbers for July. July was the busiest month for me in 2019 so far, also the same for the colleagues in my office. It feels busier out there than the numbers would suggest. |