Weekly stats update courtesy of the VREB via Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||83%||81%||85%||
|Months of Inventory||
So much for the slowdown. Sale to new listings ratio is back up, and sales per day up a bit as well while inventory has ticked down to the lowest level since February of 2006 . Can you believe in June of 2012 we had just shy of 5200 listings out there? This is actually about as low as we’ve ever seen it in June, but as the fall comes expect it to drop even more. In the hot market of the mid 2000s we had December inventory down by another 35% from similar levels in June.