A review of the recent sales and listings in the Lower Mainland areas, shows a slow down in the time it takes to sell an average condo property.
The time to seel depends on the number of current listings, versus the number of sales, averaged monthly for the last 6 months.
This absorption rate does not translate directly into what the prices are doing, but obviously if there are large number of listings, and sellers that must sell, the prices will be affected.
Buyers can take a little longer to find their ideal home, and for anyone looking to move up into a larger home, this is the ideal time to do it.
Check out the changes from our previous report on September 23rd.
If you are looking to Buy or to Sell real estate in Vancouver area, give me a call. My consultations are FREE. The benefits to You, may be worth a lot of money.
Jeff Stark, 604-506-8481
