Weekly Update – Vancouver Real Estate MLS Statistics February 16th – February 22nd 2009 | Vancouver Real Estate Blog

The shift that came into the market a couple of weeks ago is still in full force. Buyers appear to be far more active. Mortgage brokers are telling me that pre-approvals are way up. Realtors are far more busy than they have been for almost a year.

As with last week, this renewed activity in the Vancouver real estate market is showing up in the numbers. We won’t know for a while whether this is just a healthy Spring market, or if the market has found its bottom…but the reasons matter little.

This past week wasn’t quite as stellar as the previous one. However, it was still a very solid week. We saw a slight rise in New Listings (+8.22%) to 316. At the same time there was a slight decline in Sales (-4.76%) to 140. This resulted in the Sell/List Ratio declining (-6.04) to a still very strong 44.3%.

The Removed Listings number remained relatively flat as well. It fell (-4.69%) to 122 from 128 the previous week. These changes in the weekly Vancouver real estate statistics resulted in Active Listings rising slightly (+1.27%) to 4304. It’s typical for the Vancouver real estate market to see a rise in this number into the Spring market…the trick will be whether or not these listings will continue to sell as they have in the last two weeks.