The Greater Vancouver housing market continued to rip in the month of October. If you focus squarely on sales you’d be missing the forest for the trees. Sales were officially down 5%, a small drop from last years all-time record high. However, new listings absolutely plunged, dropping 28%, and total inventory for sale dropped a whopping 38%. Inventory levels across Greater Vancouver are currently at their lowest levels in at least a decade.
Steve is a regular speaker at industry events, hosts an online video series ‘The Saretsky Show’, and authors the popular “Saretsky Report” which is read by over 7000 subscribers.
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The views expressed are those of the author, Steve Saretsky, an Oakwyn Realty REALTOR®, and do not necessarily reflect those of Oakwyn Realty. It is provided as a general source of information only and should not be considered personal investment advice or a solicitation.