There are 1 blog entries for August 2011.
Thursday, August 11th, 2011 at 12:34pm. 51,614 Views, 0 Comments.
Sales and new listings are down for July, but they should be compared to June. On the west coast, summer has finally arrived and buyers and sellers alike are headed out to enjoy it! Contrary to some reports, the real estate sky in Vancouver it not falling. No one seems to consider an important factor which happens to also be the most difficult to predict, supply and demand.
Home sellers continued to outpace buyers in July which has helped further shift the Greater Vancouver market toward balanced conditions. At 16.9%, the July sales-to-active listings ratio indicates a healthy balance between housing supply and demand.
Generally analysts say that a market enters balanced conditions when the ratio reaches the 15-20% range. Seller's market conditions…