A sixth consecutive month of above-average sales, when paired with declining new listings, resulted in a 16 per cent year-over-year inventory decline in December, which remain nearly 35 per cent below the 10-year average.
“Supply challenges, specifically in the more affordable segment of the market, remain our biggest concern when looking ahead to 2024 and are likely preventing even stronger monthly sales numbers," noted SRA CEO, Chris Guèrette.
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