The last five or six weeks have appeared to be holding fairly steady in the Vancouver real estate market. They were consistently strong weeks, with a healthy ratio between New Listings and Sales.
This past week was the best week we’ve seen in a very long time. New Listings fell slightly (-8.72%) to 314 from 344. At the same time we saw the highest number of Sales in a week (189) since I began recording these number weekly in July 2008. Sales jumped +26.85% from the 149 seen in the previous week.
The result was a very significant rise (+16.88) in the Sell/List ratio to 60.19%. This was up from the 43.31% in the previous week.
At the same time, Removed Listings remained relatively flat (and low). This has been the pattern for the last three weeks. All Removed Listings were at 108 which was +10.20% from the 98 seen in the previous week.
All of these numbers mean that Active Listings rose slightly this past week. There was a rise (+0.40%) to 4310 Active Listings in Vancouver from the 4293 the previous week.
Weekly Vancouver MLS Real Estate Statistics - March 16th - 22nd, 2009
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Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”Weekly Update – Vancouver Real Estate MLS Statistics March 16th - March 22nd 2009”
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Related posts:
- Weekly Vancouver Real Estate Update – November 16th 2009 – Market Strength Continues
- Weekly Vancouver Real Estate Update – August 24th 2009 – Supply Drops (again)
- Weekly Vancouver Real Estate Update – August 17th 2009 – Supply Limited
- Weekly Vancouver Real Estate Update – September 28th 2009 – Holding Steady
- Weekly Vancouver Real Estate Update – August 10th 2009 – Sales Surge
