Market Trends

When inventory is low and demand is high, there is only one way prices can move. Listings are down from last year and last month while sales are higher in October: OCTOBER 2015 Listings: 994 Sales: 731 SEPTEMBER 2015 Listings: 1035 Sales: 688 OCTOBER 2014 Listings: 1020 Sales: 557 This trend is now more pronounced […] The post Market Trends appeared first on Andy Schildhorn, PREC.

When inventory is low and demand is high, there is only one way prices can move. Listings are down from last year and last month while sales are higher in October:

OCTOBER 2015
Listings: 994
Sales: 731

SEPTEMBER 2015
Listings: 1035
Sales: 688

OCTOBER 2014
Listings: 1020
Sales: 557

This trend is now more pronounced than any other time in the past year. If you are thinking of purchasing a new home consider each possibility in detail as you may be paying much more in the next few months. If you are thinking of selling, get ready for a quick sale and maybe ask for those extra few dollars on your list price.

Read more here:  http://www.repmag.ca/market-update/inventory-falls-to-8-year-low-in-bc-198015.aspx

The post Market Trends appeared first on Andy Schildhorn, PREC.