This month we've added a new feature - a look at our favourite key performance indicator - the "Absorption Rate."  displayed below as "Months of Inventory" - the time it would take to sell out all active listings based on the demand at the time.

Based on March 1st -  31st

Condo/Apartments

Sales

6

New Listings

11

Current Inventory

36

Number of Months

6

Sell/Inv. Ratio

16.67%

Days to Sell

111

Days – Range

19 to 301

Average Price

$265,717

Median Price

$226,400

Price - Range

$188,000  -  $515,000 

Hottest Neighbourhood

South East Salmon Arm


Condo/Townhouses

Sales

6

New Listings

19

Current Inventory

44

Number of Months

7

Sell/Inv. Ratio

 11.36%

Days to Sell

80

Days – Range

17 to 215

Average Price

$340,200

Median Price

$330,000

Price - Range

$250,000  -  $425,000

Hottest Neighbourhood

North Shuswap


Lots & Acreages

Sales

16

New Listings

41

Current Inventory

273

Number of Months

17

Sell/Inv. Ratio

5.86%

Days to Sell

356

Days – Range

11 to 2,032

Average Price

$105,527

Median Price

$121,000

Price - Range

$19,900  -  $210,000

Hottest Neighbourhood

North Shuswap


Residential Homes

Sales

34

New Listings

76

Current Inventory

196

Number of Months

6

Sell/Inv. Ratio

17.35%

Days to Sell

99

Days – Range

8 to 459

Average Price

$539,705

Median Price

$421,475

Price - Range

$168,889  -  $1,415,000

Hottest Neighbourhood

South East Salmon Arm


Ratio of Sales vs Inventory                 13.77%