Weekly Vancouver MLS Real Estate Statistics - November 9th 2009
This past week saw the Vancouver real market slow substantially. New Listings and Sales both fell significantly while there was also a slight decrease in the Active Listings. Much of the decrease, I believe can be attributed to the fact that Rememberance Day fell in the middle of the week.
New Listings – Vancouver
For the second straight week the number of New Listings dropped (and the fifth time in the last seven weeks). There were 299 New Listings in the previous week and that dropped to 275 this past week (-8.03%).
Home Sales – Vancouver
For just the second time in the last five weeks Sales fell. Sales dropped(-22.57%) to 223 from 288.
Sell/List Ratio – Vancouver
The Sell/List ratio fell from the high of the previous week. It fell (-15.23) to81.09% from 96.32%.
Price Change – Vancouver
Price changes fell (-1.77%) to 111 from 113 in the previous week.
Active Listings – Vancouver
For the third week in a row the number of Active Listings dropped. Active Listings fell (-0.75%) to 3159 from 3183.
The Bottom Line
Despite a drop in Sales and New Listings, the week was still relatively strong. The Sell/List ratio remained high and above 80%. Meanwhile the Active Listings continued their drop. I suspect that they next few weeks will likely still be strong.
More Info on Vancouver Real Estate
If you’d like to learn more about the Vancouver real estate market generally you can check out this page. You can view daily real estate updates by following Sebastian on Twitter, or keeping an eye on Sebastian’s Vancouver real estate statistics page (daily vancouver real estate statistics, weekly vancouver real estate statistics, monthly vancouver real estate statistics).
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Copyright © 2009 Vancouver MLS Statistics in the Vancouver Realtor Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Vancouver ”Weekly Vancouver Real Estate Update – November 9th 2009 – Short Week Slows Market”
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