There wasn’t a big difference between the second week of January and this past week in the Vancouver real estate market. In fact, that’s three weeks in a row that we’ve seen relatively stable numbers across the board.
New Listings stopped increasing. We saw only a 0.58% increase over the previous week to 344 New Listings. Sales were relatively flat as well rising only 5.45% to 58. This resulted in a very slight rise in the Sell/List ratio to 16.85% (from 16.08%).
Continuing the trend of the new year, listings are continuing to rise steadily. We saw another 3.54% increase from 4068 to 4212. With Sales still low, and New Listings steady I expect this number to continue to rise into the spring. However, we should see a spike in Removed Listings this week with the end of the month and this should bring the Active Listings down.
Weekly MLS Statistics Jan 19th - 25th, 2009
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Copyright © 2009 Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Weekly Update – Vancouver Real Estate MLS Statistics January 19th – January 25th 2009”
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Related posts:
- Weekly Vancouver Real Estate Update – October 25th 2009 – Market Improves in Strong Week
- Weekly Vancouver Real Estate Update – October 19th 2009 – New Listings Drop While Sales Hold
- Weekly Vancouver Real Estate Update – September 14th 2009 – Sales Rebound, Inventory Still Rising
- Weekly Vancouver Real Estate Update – September 7th 2009 – Inventory finally increasing
- Weekly Vancouver Real Estate Update – October 12th 2009 – Thanksgiving Week Still Strong
