Residential Sales: Residential sales dropped slightly from last month as we approach our winter season. Expect the “seasonal” adjustment to continue.
Monthly Residential Sales %: Monthly residential sales were down 8.86 % compared to last November. This is expected as seasonal adjustments are now happening.
Homes Sold Under and Above the Median Price ($550,000): Homes sold under the median price dominated the market with 67.9% of the sales. This continues the trend for most of this year.
Average Sales Price, both Annually and Monthly: The annual average sales prices dropped slightly from last month and is down 10.26% from last year.
Most Popular Style of Home: All prices in styles of homes dropped in November except for 2 storey homes which were up substantially.
Annual and Monthly Sales/List Ratio: Annual and Monthly sales/list ratios have flattened out over the last several months. Still hovering in balanced market territory as it has been all year.
Residential Listings: As we move into the winter season residential listings have dropped off as it does traditionally at this time of year.
Active Listings: Active listing inventories have hovered near 1500 much of the last 6 months and continue to provide a 3+ month supply of homes for sale.
Average Days on the Market: As demand begins to wane we can expect that Average Days on Market would go up. However, this has just returned to it normal amount of sales time.
Monthly Condominium Sales: Monthly condominium sales have leveled out after peaking in July.
Royal LePage Binder is committed to providing content and data illustrating the rapid changes occurring in the #yqg market, as shown in the below downloadable PDF:
