Weekly stats update courtesy of the VREB via Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||73%||76%||75%||
|Months of Inventory||
Sales are on a very steady pace running about 42% above last year at this point. The only interesting thing about this week is that active listings have finally ticked up a bit, adding 40 to the total instead of the 1 that was added the week before. It would do the market a lot of good to have some more selection out there, and luckily it seems we are on pace to handily outpace last year’s new listings. Sales/list, while much higher than last year, appears to be plateauing too.
We are on track for April to not only be a record April, but another sales record for any recorded month.