December 4 Market Update｜Sales-to-New-Listings Ratio at 45.7% Today 📉
New listings: 162
Sales: 74
➡️ Sales-to-New-Listings Ratio: 45.7%
(Meaning: supply > demand → weak day for absorption)
🔍 Absorption Rate (Sales / New Listings)
🏡 Detached: 56.5% (strongest)🏠 Townhouse: 52.6%🏙 Condo: 35.9% (significantly weaker)
👉 Detached & townhouses show better absorption,
while condos show rising inventory pressure.
📈📉 Price Trends: Listing vs. Selling
Listing prices:
Detached ↓
Townhouse ↑
Condo ↑
Selling prices:
Detached ↓
Townhouse ↑
Condo ↓
📌 Interpretation:
🏠 Townhouses
Currently the most price-aligned segment,
with both listing & selling prices moving gently upward → stable demand.
🏡 Detached Homes
In a phase of “finding the price where deals happen.”
Sellers are negotiating, buyers are selective.
🏙 Condos
Classic mismatch:
Sellers want higher prices ↑, buyers pull prices back ↓
Actual sold prices continue to soften.
👇 Advice for Buyers
Since the ratio is below 50%:
📌 There is real negotiation room, especially for detached & townhouses.
Look for:
🔍 Homes with recent price reductions
🕰 Listings sitting on the market longer
👆 Advice for Sellers
🏙 Condo Owners
Don't be misled by high listing prices.
Actual sold prices are trending lower—adjust expectations early.
🏡 Detached & Townhouse Sellers
We’re in a “you can sell, but only with a discount” market.
Avoid overpricing → buyers will walk away quickly.
长按下面的二维码，就能扫描关注我们的公众号哦~
