WE’RE UPDATING THE STATS!
When is a home
sold? Is it the day the buyer writes the offer, the day that offer is accepted,
when conditions are removed, or the deposit comes in? Is it the day the sale
closes or when The Real Estate Board reports it? The answer is yes, it’s all
these times.
Up until now, the weekly stats have been calculated using the Contract Date, the day the contract is written, to determine the number of homes sold. Because it takes time for a sale to be finalized and then reported, some sales aren’t recorded until after the period they occurred.
Starting September 20th, 2019, we are using the Process Date. This is the day The Real Estate Board records sales and how they calculate their statistics. This will give up some accuracy reporting when sales occur and show more clearly how many have been sold.
We want to provide
the most accurate and useful representation of current market conditions. This
change will help us do that and serve you best.
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
666
73
61
3,141,067
9.12
LAST YEAR
787
55
55
3,437,737
14.31
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
1703
370
38
1,026,826
4.60
LAST YEAR
1661
303
28
1,009,864
5.48
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
585
108
47
1,480,592
5.42
LAST YEAR
791
88
38
1,597,294
8.99
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
620
200
34
690,622
3.10
LAST YEAR
604
154
23
729,274
3.92
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