Weekly stats update courtesy of the VREB via Marko Juras.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||78%||79%||78%||
|Months of Inventory||
There really has been no divergence from last year at all and it doesn’t seem like the mortgage rules have had an appreciable impact on the market yet. Sales are almost dead on last year’s pace, and listings are just a smidge behind.
Looks like we are going to have to wait until the Spring to see much change from last year. At these low inventory levels it would be essentially impossible to match last year’s spring sales surge without a huge increase in new listings.