It's officially Spring and our Real Estate Market is blooming! I have analyzed all of the stats from February and here are some insights to our market right here in Metro Vancouver:
- We are in a very active Seller's market for houses with 46% of the homes selling within a month and we are also in a Seller's Market for attached homes with 29.0% of the homes selling within a month.
- Sales are up 19.8% from last year and up 62.2% from last month!
- Inventory is down -9.3% from last year and up 14.7% from last month.
- The detached housing market has 2.9 months of inventory while our attached market has 4.1 months.
- The average price of a house is $1,405,464 which is up 1.5% from last year and up 3.5% from last month
- The average price of…
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