Single Detached
Months of inventory for single detached homes numbered 2.4 at the end of the fourth quarter of 2019, down from the 4.4 months recorded at the end of the fourth quarter of 2018.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, homes spent less time on the market in the fourth quarter of 2019 than they had a year earlier.
The median number of days on market for single detached homes was 21 in the fourth quarter of 2019, down slightly from 23 days in the fourth quarter of 2018.
Semi-Detached
Months of inventory for semi-detached units numbered 0.6 at the end of the fourth quarter of 2019, down from the 1.6 months recorded at the end of the fourth quarter of 2018.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, semi-detached units spent less time on the market in the fourth quarter of 2019 than they had a year earlier.
The median number of days on market for semi-detached units was 14 in the fourth quarter of 2019, down slightly from 17 days in the fourth quarter of 2018.
Condo Townhouse
Months of inventory for condominium townhouse units numbered 1.1 at the end of the fourth quarter of 2019, down from the 2 months recorded at the end of the fourth quarter of 2018.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, condominium townhouse units spent less time on the market in the fourth quarter of 2019 than they had a year earlier.
The median number of days on market for condominium townhouse units was 19 in the fourth quarter of 2019, down slightly from 24 days in the fourth quarter of 2018.
Condo Apartment
Months of inventory for condominium apartment units numbered 1.3 at the end of the fourth quarter of 2019, down from the 2 months recorded at the end of the fourth quarter of 2018.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, condominium apartment units spent less time on the market in the fourth quarter of 2019 than they had a year earlier.
The median number of days on market for condominium apartment units was 18 in the fourth quarter of 2019, down slightly from 21 days in the fourth quarter of 2018.
