So here are the highlights:
- Sales down 24% YoY
- Sales to new list ratio down 9% YoY
- Months of Inventory up a whopping 37%
But prices are still sticky. Median price is up 1% YoY. Taking a rolling average we're down a percent or two but nothing to write home about. As Just Jack said, we won't truly know where the market is until the spring when sales rebound and the statistics become a bit more meaningful. Here's an update on the MOI situation.
An astounding increase in the past few months, and if the last couple years are any indication we can expect continued high values for December and January. Here's the full VREB story.
|MOI And SFH Price (Note this is residential MOI)|