A total of 844 residential unit sales were recorded across the Association region in November, representing a 48.4% decrease in sales compared to the number of units sold during the peak market of November 2021, with a decrease of 15.6% compared to last month. At first glance, this appears to be a massive decrease from November of 2021, but we need to remember that that time period was a hyperactive market, so it's almost like comparing apples to oranges.

We really need to be comparing Nov 2022 sales numbers to pre-pandemic sales volumes, so when that's done, we are pretty much bang on to an average November. The overall listing inventory saw a healthy 85.3% boost over the availability in November 2021, with 2017 units currently on the market in the…

404 Views, 0 Comments

Read Full Post