Not everyone took a vacation in August. Buyers were out buying real estate in Metro Vancouver causing our August 2014 real estate market to be one of the highest it has during this month for the past five years!
Watch the quick two minute video to learn about the Metro Vancouver real estate market and read thru the summary notes.
- We are in a Seller's market for houses with 25.4% of the homes selling within a month and we are just teetering between a Balanced Market & Sellers Market for attached homes with 19.9% of the homes selling within a month.
- Sales are up 7.3% from a year ago
- Inventory is down -3.4% from a year ago.
- The detached housing market has 4.5 months of inventory while our attached market has 5.5 months.
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