Month-to-Date Market Statistics as of May 17 2010

As you can see by the numbers below, the tides have definitely shifted, and we are now in the midst of a more balanced, stable market.

The next couple of months will dictate what the remainder of the year will look like. With the HST coming into effect, there will be downward pressure on prices of new homes. The number of sales in Canada has dropped this month by 2.6% while the number of listings increased. For the entire country there is an average of 5.3 months of listing inventory available, which indicates a balanced market. 

  MTD May
  2010 2009
Net Unconditional Sales: 325 879
New Listings: 880 1,362
Active Listings: 4,316 3,789


Please Note

  • Left Column: stats so far this month
  • Right Column: stats for the entire month from last year