What Does The CDA Market Look Like Right Now?

1. Overall Market Activity:

   • The market is moderately active with 171 active listings and 72 pending sales, resulting in a pending ratio of 42%. This suggests a balanced market with a reasonable level of buyer interest.
   • The average days on market (DOM) for active listings is 102 days, indicating that properties are taking a bit longer to sell.

2. Price Segments:

   • 0-2M Segment: This is the most active segment with 117 active listings and 48 pending sales. The pending ratio here is 41%, showing steady demand.
   • 2M-5M Segment: This segment has a higher pending ratio of 57%, suggesting a stronger demand compared to the 0-2M segment, despite having fewer listings.
   • 5M+ Segment: This segment shows no pending sales currently, indicating a lack of buyer activity at this price point.

3. Inventory and Sales Trends:

   • The overall months' supply of inventory is 4.7 months over the last six months, suggesting a balanced market. However, in the last three months, it increased to 6.4 months, indicating a slight shift towards a buyer's market.
   • The average sale to final list price ratio is around 96.4% over the last six months, implying that sellers are generally achieving close to their asking prices.

4. Advice:

   • For Sellers: If you're in the 0-2M segment, pricing competitively could lead to quicker sales given the steady demand. For higher price segments, particularly above 5M, patience may be required as these properties are moving slower.
   • For Buyers: There are opportunities, especially in the higher price ranges where there is less competition. Negotiating power might be stronger in these segments.

Staying informed and strategic will be key in navigating this market effectively. If you need more detailed insights into specific price bands or further assistance, feel free to reach out!