MLS numbers courtesy of the VREB via Marko Juras.
Month to date October 2010 (last week's totals in brackets)
Net Unconditional Sales: 360 (251)
New Listings: 786 (539)
Active Listings: 3,980 (3,963)
October 2009 totals
Net Unconditional Sales: 742
New Listings: 1,067
Active Listings: 3,219
New inventory is only slightly outstripping sales (109 sales in the past 7 days versus 247 listings). Active listings are up slightly, although expect the end of month listings dump to bring this number down by a couple of hundred or more. Unless we have a very busy next 6 days, October 2010 numbers will be very close to September 2010 sales volumes. I expect the reported sales to surpass 400, perhaps even reach 450 - which will be celebrated by the usual suspects as "Sales jump by 13%!"
SFD average price is currently $615,112. Marko provides us with these numbers for original list ($683,380), revised prices ($638,634) and final sale prices ($615,112) which suggest vendors are still pricing their units almost 10% above market value when they first hit the market. If you're out there shopping, perhaps this is the kind of discount you should be negotiating.