Weekly stats update courtesy of the VREB.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||78%||83%||77%||77%||
|Months of Inventory||
Inventory is gradually building up, but still 40% below this time last year. No surprise when we’ve only added 39 listings in February (last year we added 197).
Sales are building as expected, however they aren’t building as quickly as last year. As you can see from the sales projections above, we started out just behind last year’s sales pace but we’ve been falling behind more as the month progresses. Don’t be surprised to see 20% year over year sales drops as we get into March and April which were just ludicrous last year.
In other news, I’m putting together mockups for the kind of automated data tools that I want to create for this site for review by the VREB (condition of use of the data feed). If you have ideas for what would be useful to you, let me know in the comments.