Weekly stats update courtesy of the VREB. Thanks to Just Jack and Marko Juras for sending stats.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||83%||81%||
|Months of Inventory||
A few signs are starting to appear that our hot market is slowing down. Inventory is up for the first time after 6 straight weeks of drops. Sales/list is weakening again this week, and we are running only about 21% ahead of last year’s sales pace, rather than the 40+% we’ve been seeing. The market is still incredibly hot but there might be a bit of buyer fatigue setting in.