Updated sale-to-active listing ratio up to January 2019 with ratio declining for all housing types in January, 2019.
The detached single family home has now fallen under 7.0% and is at a level equivalent to the month of inventory of 14.7 months.
The ratio for townhomes fall into a buyer's market at 11.9% and the condos remains in the balanced market although it is the lowest ratio seen in recent times.
One would expect February to April to be slightly favourable to sellers as this is typically a popular time for a property purchase. As a result, the ratio may increase as it always does from February to April but one could expect that this rise may not be as high as it has been in previous years due to overall market sentiment.
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