In North Vancouver, for all property types, the sales-to-active listings ratio (SAR) for November is 28%. By property type, the ratio is 29% for detached homes, 14% for townhomes, and 33% for apartments.
Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
For more insight on the SAR trend for North Vancouver detached homes, townhomes and apartments (condos) check out the graph below:
JuneConwayNovember2022NorthVancouverStats
