It's because if someone relists it 10 times they count each one as a new listing. Look at some recent sales and you can see a bunch have multiple listings. Plus add in people who couldn't get the price they wanted so they terminated the listing.natefive wrote: ↑Feb 6th, 2018 5:30 pmDoes months of inventory/it's implications smell like BS to anyone else?
A) It seems like there's been low active listings relative to sales for pretty much forever looking at TREB reports.
B) Basically every month new listings are higher/much higher than sales, but active listings remain fairly static.
Also it is comparing to last year which had obscenely low numbers to begin with. 20% more than a smaller number is still a small number.
Also I think at one point we got to sub 1 month of inventory last year which is insane, so while 3 is still very low it's still a lot more than last year.