West Vancouver‘s sales-to-active listings ratio trend for different property types shows that market conditions vary by property type.
Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent mark, while sellers’ markets tend to occur when it surpasses 20 per cent for sustained periods.
Generally, analysts say upward pressure on home prices occur when the ratio stays above 20 per cent over several months.
Take a glance at our boards monthly housing market report which summarizes the latest home sale, listing, and price trends!JuneConwayWest Vancouver - 2021-10-West-Vancouver
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