TrREB INVENTORY: 60.35% of ALL TrREB INVENTORY is Freehold (& 39.35% is Condo et al) 23.12% of the Freehold Listings are in 416 and 76.88% of Freehold Listings are in 905 et al SALES in TrREB reporting area OF All TrREB Sales – 65.11% are Freehold (& natch, 34.59% are Condos+) OF All TrREB Sales…
INVENTORY IS LOW (off by 23-28% NEW LISTINGS — Pretty Close to Average — but they count the Terminate/Re-Lists every time and that’s a pretty common occurrence. Many times a greedy-pricer Underlists and Holds Offers (hoping to induce a Bidding War on a date 5-7 days in future) … but they List just a bit…
Kissed the 2019 line, but didn’t break through it SCHOOL YEAR isolates the $$ SURGE Highest Monthly Ave Price Ever — NB Feb’20 was 4th, and March’20 was 5th The Surges & Spikes REALLY SHOW on Ron Hauth’s line graphs starting in 2007 and in 1972
It’s a “V” … Makes the “Amazing Recovery” of 2008-09 seem a regular pattern 🙂 Too bad the Top 5 Junes didn’t get included … otherwise seems like HOT Market in June 12,794 in 2016, 11,992 in ’15, 10,955 in ’09, 10,451 in ’07 & 10,230 in ’11 Ron Hauth’s Famous Sales & Price since…
Don’t ask hard questions!! Annual TrREB Prices from 1969 with 1989 = 100 Same Data — but showing Both: Nominal & CPI-Adjusted Prices
Where are our TrREB sales being arranged? All over — but there’s a BIG rally in the EAST! WHAT about Price Differentials ? 416 vs 905 ON AVERAGE One Third of Sales are in 416 Averaging $1,022,138 (up ~12%yr/yr) Two Thirds of Sales in 905 averaged 15.25% LESS at $886,875 YEAR-TO-DATE similar ratios BUT.. by…
Supply, Demand and Consumer confidence Are the factors that affect R E Market The Choice to Lockdown the public succeeded because of a fear-of-death. Gov’ts encouraged that fear They made an error about transmissibility of SARS-CoV-2 and NOW must reverse course. They are afraid they will look stupid They might, but gradually EVERY Cdn will…
INVENTORY NEW LISTINGS Days on Market (and Property {all listings together}) MONTHS of Supply (2) (i.e. Month-end Inventory div by Monthly sales) SALES as a % of New Listings (STNL Ratio) THIS IS THE ONLY STAT that compares to “NORMAL” …. kinda like “Two Wrongs Making a Right” SALES in May (2)
THESE are ANNUAL Prices (except for May 2020 which is one Month) and if you look at my INFLATION -25% in 11 years a few posts up (down?) you’ll see the REAL (adj for inflation) From-the-Recent-Peak difference is more like -9.76% BUT this chart shows the whole up-down, inside-outside, double-reverse, gotcha Price trend this yr…
COMPARED to WHAT? Is the Sky falling less than it was? Is the worst yet to come? or are we passed the bottom? Was May ‘Bustin’ Out All Over? will June do the same and how’bout the Summer? So what do we compare a unique situation to? **Last May? or the average of 10 Mays?…
Nominal (reported contemporaneously) Inflation-Adjusted (Constant Year Dollars) ** THESE are ANNUAL AVERAGE PRICES except for 2020 which is May 2020 ** Pls see NEXT chart (#51 100=1989) where $918,184 Nominal Apr 2017 Ave price is shown as 170.31 AND ALSO adjusted by CPI to $957, 023 as a STAR at about 190.07 SO we are…
Where are the sales being made? Have you got that in numbers? ** 67.6% of Sales are OUTSIDE of 416 (lower purchase prices there – more buyers can qualify) normally it’s 60%, but why quibble since it hasn’t been 60% for more than a yr ** Price Differential is 17% for May and only 13.5%…
