Weekly stats update courtesy of the VREB via Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||71%||69%||
|Months of Inventory||
Sales still running about 21% ahead of last year’s pace, but for the first time some indicators are down year over year. Sales/list at 69% is less than it was last year at 77%.
Daily sales trending downward as you would expect into the fall.
Oddly enough a pretty good sized jump in active listings last week. After several months of decline we gained 41 listings. For reference in the same week last year they dropped by 99. Market turning around or just some noise?