We use a variety of statistics to measure market conditions:
- Sales represent the number of homes transacted through the Multiple Listing Service® (MLS®) in one month.
- Active Listings represent the total number of homes currently listed for sale on the MLS®.
- New Listings represent the total number of listings added to the MLS® in a month.
- Sales-to-active listings ratio measures supply and demand by looking at the total supply of homes for sale compared to sales during the month.
- Sellers’, buyers’ and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Sellers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent mark, while buyers’ markets tend to occur when it surpasses 20 per cent for sustained periods.