Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver. Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.
For all property types, the sales-to-active listings ratio for January 2018 is 26.2%. By property type, the ratio is 11.6% for detached homes, 32.8% for townhomes, and 57.2% for condominiums. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12% mark for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.
For more in-depth information on January's market, please click below:
Greater Vancouver: REBGV January 2018 Stats Package
Metro Vancouver: MVR January 2018 Stats Package
Metro Vancouver (簡體中文): MVR January 2018 Stats Package (簡體中文)
Fraser Valley: FVREB January 2018 Stats Package