- For detached South Slope homes the sales to listing ratio was 10%
- For attached homes the ratio was 14%
- For condos the sales to listings ratio was 16% and strong buyers markets for all property types
A sales to active listings ratio measures the balance between supply and demand. A ratio of less than 7 sales for every 20 listings represents a buyers market (less than 35%) while a ratio of 3 sales for 5 listings represents a seller's market (greater than 60%). In between 35%-60% it is said to be a balanced market.