Firmly a buyer's market
I did a market analysis of sales and listing activity for the end of June at the beginning of the summer.
Now that we are at the end of summer, I thought it would be a good time to look at another slice of data. I pulled numbers for residential sales from the first week of September for the B.C. Interior, and this is how it looks.
First, a reminder. Typically when someone makes an offer and starts the buying process, there is about a two-week delay from the offer to when the sale is recorded in the numbers. It usually takes two-weeks for the sale to become legally binding with subjects removed etc. That means the analysis lags behind by a couple weeks.
That being said, the British Columbia housing market has delivered another telling week of numbers, revealing shifts in both inventory and sales activity across price ranges. Let’s take a closer look at the latest seven-day snapshot.
Total inventory:
Current listings now total 10,028 homes province-wide, broken down as follows:
• Up to $250,000: 700
• $250,001-$500,000: 2,123
• $500,001-$1,000,000: 4,455
• $1,000,001-$2,000,000: 2,091
•........
© Castanet
