Highlights from March:
SALES TO ACTIVE RATIO:
BENCHMARK PRICE:
12 Month increase in MLS Home Price Index Benchmark price remains strong ranging from 25% - 35% across property types.
ACTIVE LISTINGS:
Total Active listings increased slightly however still remains at all time lows compared to the last 10 years.
NEW LISTINGS:
Number of NEW listings saw an increase over last month.
SALES TO ACTIVE RATIO:
Ranges from 30% - 95% across property types.
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.