Tuesday, March 04, 2014

Greater Vancouver Market Snapshot February 2014

Below are updated sales, inventory, months of inventory, and sell-newlist ratio graphs for Greater Vancouver to February 2014. (See REBGV news releases.) (Click on images to enlarge.)

The scatterplot of 6 month price changes and months of inventory is below. The most recent datum is the orange dot at about (MOI=6.2,price_change=5%) . The trend is roughly in line with past years.

My estimates for February were for inventory of 13637 (actual 13412) and sales of 2527 (actual 2530) based on estimating average changes from January of years 2005-2013. Using the same technique estimates inventory and sales for March of 14565 and 3127 respectively (MOI=4.7).

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