Below are updated sales, inventory, months of inventory, and sell-newlist ratio graphs for Greater Vancouver to October 2013. (see REBGV news releases) (click on image to enlarge)
The scatterplot of 6 month price changes and months of inventory is below. The most recent datum is the brown dot at about (MOI=6.3,price_change=2%)
. The trend is roughly in line with past years.
My estimates for October were for inventory of 15605 (actual 15257) and sales of 2657 (actual 2661) based on estimating average changes from September of years 2005-2012. Using the same technique estimates inventory and sales for November of 13968 and 2185 respectively (MOI=6.4).
Excellent analysis as always. Thank you so much for posting this valuable and insightful information.
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