Summer holidays are over and it's back to school time.  Our Real Estate market has had one of the most active summer markets in nearly 10 years.  I have analyzed all of the stats from August and here are 5 things you should know about the real estate market in Metro Vancouver:

  1. Supply:  We had 5,365 properties listed thru the month of August which is down -39% from this time last year (August 2014) and another -6% from last month (July 2015). 
    If we look into those stats further.... we have 3.0 months of inventory for detached houses and 2.9 months of inventory for attached homes.

  2. Demand: 1,882 properties sold in August which is up +22% from this time last year (August 2014) but, is down -15% from last month (July 2015).

  3. Time:  The average…

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