Thursday, October 05, 2017

REBGV Sales Update Through September 2017

REBGV released their stats package through September 2017. Here are the numbers:

Sales have retrenched  and remain decidedly "average". Inventory is low. The result is a low but slowly increasing MOI (months of inventory). A long stretch of robust (or at least not pallid) new listings is still required to allow inventory to recover: new listings have returned to the point where inventory recovery is slowly occurring. These things take time, apparently.

Still no signs of a slowdown.

1 comment:

Unknown said...

There is 4 houses for sale on my block. Looks like contractors choose not to build now. Maybe appartment segment is low inventory, but definately not detached