Below are updated sales, inventory and months of inventory graphs for Greater Vancouver to March 2012.
Commentary:
I haven't concentrated much on the Fraser Valley but it is a part of the Lower Mainland and deserves attention going forward. As can be seen MOI has been above 6 for most of 2010 and 2011, which would lead to roughly flat prices over that time. This year is seeing higher MOI still (currently almost 7), with sales trending at the lower range of past years.
Like the REBGV, the Fraser Valley is not a strong market right now. Something to watch.
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