12 Month increase in MLS Home Price Index Benchmark price remains strong ranging from 25% - 35% across property types.
Total Active listings increased slightly however still remains at all time lows compared to the last 10 years.
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.