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Blog by Graham Kirby

Home inventories still increasing as many buyers remain on the fence

February 22nd, 2019

Home sales were down 39.3% from a year ago but up 2.9% from last month.

There was a 27.7% increase in inventory of homes for sale in January of this year compared with January of last year.

Sales were 36.3% below the ten year average and the lowest January sales since 2009.

The sales to active listings ratio was 6.8% for Single Homes, 11.9% for Town Homes and 13.6% for Condos.

When the sa ...