Last year at this time, in this month, we were seeing 47% more in sales volume (not to be confused with home prices or value) for homes. This is lower than any historical data we have experienced in this month over the past few decades. The average time we are seeing homes on the market is sitting at about 2.3 months, meaning it will take the average home 2.3 months to sell in the current market, with the current market conditions.
For condos, November saw sales decrease 54% over last year. New listings for condo’s were more in line with historical data, down 11% compared to last year.