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:
- 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.
- 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).
- Time: The average…
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