New listings were down 12.9% for detached homes and 9% for condos. Overall new listings were down 12.1%. Inventory – the number of active listings at month end – was also down 5%. However, “Sales to new listings ratio, a measure of market balance, confirm that our market remains a balanced one,” says Whitney.
Here in Grand Bend we are slowing down as well but the upper end properties have been selling, even in November, so Mark and I have been keeping busy.