Pace of new listings growth slows, preventing further inventory gains
Inventory levels eased over last month thanks to the combined impact of a monthly pullback in new listings and a monthly pick up in sales.
With 6,471 units in inventory and 1,885 sales the October months of supply returned to three-and-a-half months after pushing up to four months in September. While both row and apartment-style properties continue to report elevated supply levels compared to demand, conditions remain relatively balanced for both detached and semi-detached properties.
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