The housing market is still very active but has certainly eased away from near record-setting paces. With a sales to listing ratio of 23%, our seller’s market persits as inventory remains low with a slight increase in sales, but fairly typical for May.
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,931 in May 2011. This represents a 15.4 per cent decrease compared to May 2010 when 7,014 properties were listed for sale on the MLS®. New listings for May 2011, increased marginally by 1.4% compared to April 2011.
Residential property sales of detached, attached and apartment properties in Greater Vancouver reached 3,377 in May 2011, a 7% increase compared to the 3,156 sales in May 2010 and a 4.7 per cent…