Monday, July 05, 2010

Monthly Stats

I expect that today or tomorrow will bring about the monthly release of statistics from the Fraser Valley and Greater Vancouver real estate boards.

I expect to see continued strength in sales numbers combined with modest price changes (likely negative in the FV and positive in GV). The summer slowdown is happening and further weakness in sales will bring about more rapid negative price changes as we head into the fall.

VHB has done a linear projection of sales and inventory data for the rest of the year which, if it comes to pass, would definitely put the market into negative price changes.

What do you think we will see? What will the rest of the summer bring? Fall?

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