July 2012 month to date (previous weeks in brackets)
Net Unconditional Sales: 258 (120)
New Listings: 606 (306)
Active Listings: 4868 (4827)
Sales to new listings ratio: 43% (39%)
Net Unconditional Sales: 523
New Listings: 1374
Active Listings: 5094
Sales to new listings ratio: 38%
Sales to active listings ratio: 10.2% or 9.7 MOI
The SFH median is $527k, with an average of $570k, while condo average is at $342k so far.
A sales boost over the last week as sales from before the mortgage rule changes are showing up as unconditional. According to Roger this could continue this week, so it will be interesting to see if there is any significant dropoff in sales the week after. Of course we are passing the peak sales period, so sales will naturally slow going forward. I think our month end sales and listings will hit very close to last year's again. August, September, and October have been sales dead zones the last couple years, I predict that this year will be even worse.