{"id":8643,"date":"2020-11-06T17:29:29","date_gmt":"2020-11-07T01:29:29","guid":{"rendered":"https:\/\/www.stevesaretsky.com\/?post_type=saretsky-reports&p=8643"},"modified":"2022-11-24T00:50:00","modified_gmt":"2022-11-24T08:50:00","slug":"the-saretsky-report-november-2020","status":"publish","type":"post","link":"https:\/\/www.stevesaretsky.com\/2020\/11\/saretsky-report\/the-saretsky-report-november-2020\/","title":{"rendered":"The Saretsky Report. November 2020"},"content":{"rendered":"
Once a trend unfolds in the Real Estate market it tends to continue for a significant amount of time. Unlike the stock market, there are not violent moves in either direction on a monthly basis. In other words, the strength in the Vancouver Real Estate market continued in November, following a wave of pent-up demand that began in June. In November, Greater Vancouver home sales jumped 23% year-over-year, recording its highest level of sales for the month since 2015. Meanwhile, inventory for sale declined once again, making this the tightest market since April 2018. It doesn\u2019t take a genius to figure out that rising sales and falling inventory results in higher prices, and that\u2019s exactly what is happening right now. The MLS benchmark price showed a 5.8% increase from last year, and will continue to point higher in the months ahead due to the significant lag in the price index.<\/p>\n","protected":false},"excerpt":{"rendered":"
Once a trend unfolds in the Real Estate market it tends to continue for a significant amount of time. Unlike the stock market, there are not violent moves in either direction on a monthly basis. In other words, the strength in the Vancouver Real Estate market continued in November, following a wave of pent-up demand […]<\/p>\n","protected":false},"author":1,"featured_media":6826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[164],"tags":[],"acf":[],"yoast_head":"\n