Below are market statistics for the end of May. They are broken down by detached properties (houses) and attached (townhouses and condos – stratas, basically). I show the number of all active listings, the new listings within the month, the number of units sold, and the average sale price. These stats are trended on the graphs and represented on charts relative to the preceding month and the same month in the previous year.
* absorption rate equals the amount of time it would take to sell all current listings, given the current rate of sales, assuming no additional listings. It is the current inventory and an idea of how long it will last. An absorption rate of 51.2 means that the average house will take just under one year to sell right now.
Attached (condos and townhouses)