Weekly stats update courtesy of the VREB via Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||82%||85%||90%||90%||
|Months of Inventory||
Sales still very strong, and some truly astonishing sales out there as evidenced in the comments.
Sales per day are heading downwards though, are we starting to crest the hill of the buying season already? We will be very close to another record either way.
At 90% sales to list, we are still shedding inventory though. With under 2500 properties on the market (and some 600 of those are commercial), there is still very little choice out there.
Friend of mine just bought a house after many lost bidding wars. The winning touch was a personalized letter and photo with the unconditional offer. Anyone else heard of this working? Do we need to start coaching up potential buyers on their creative writing skills? Is this a market or a gong show?