5 Things to Know about the Real Estate Market in Metro Vancouver: June 2015 StatsPosted by Tony Cikes on
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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