March Stats for Greater Vancouver
March 2013 : The sales-to-active-listings ratio jumps to 15.2 per cent in Greater Vancouver, a three per cent increase from the previous month. This follows a 2.2% increase in February, and is the first time this ratio has been above 15 per cent since May 2012. 15% - 20% is considered a balanced market, while 12% and below (as it has been hovering around since July 2012) is a buyer's market.
“While home sales were below what’s typical for March, we are seeing more balance between the number of sales and listings on the market in the last two months, which is having a stabilizing impact on home prices,” Sandra Wyant, REBGV president said.
Prices were mostly flat, climbing an average of 0.5% over the past month in the lower mainland.
For the complete March Sales Stats click here : REBGVStats_2013_03.pdf