September 2012 month to date (previous week in brackets)
Net Unconditional Sales: 321 (208, 97)
New Listings: 939 (671, 359)
Active Listings: 4768 (4716, 4690)
Sales to new listings ratio: 34% (31%, 27%)
Net Unconditional Sales: 458
New Listings: 1303
Active Listings: 4940
Sales to new listings ratio: 35%
Sales to active listings ratio: 9% or 10.8 MOI
Current SFH average is $618k, with a median of $531k, while condo average is at $331k. Marko says "The SFH MTD Median is subject to quite a bit of variability right now, it could easily swing to 520k with two sales under 515k or up to 538k with two sales above 550k."
It's remarkable how consistent the numbers are this year. A few less sales and listings as the same month last year. So the inventory isn't increasing anymore YOY, but the months of inventory are still significantly higher. We're shortly before the time when many sellers give up and try their luck again in the spring, although at this point I doubt many still seriously believe a bounce is just around the corner.