Hello summer! Our kids our out of school and the real estate market in Vancouver market has seen one of the strongest June's in history. I have analyzed all of the stats from June and here are 5 things you should know about the real estate market in Metro Vancouver:
- Supply: We had 5,960 properties listed thru the month of June which is down -36.5% from this time last year (June 2014) and another -5.5% from last month (May 2015).
If we look into those stats further.... we have 2.2 months of inventory for detached houses and 2.5 months of inventory for attached homes.
- Demand: 2,415 properties sold in June which is up +26.3% from this time last year (June 2014) and is up -3.2% from last month (May 2015).
- Time: The average time for a…
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