In West Vancouver, there was 24 months of inventory (MOI), up from 15 months in November. The West Van market continues to be in buyer’s market territory based on MOI. The sales-to-new-listings ratio came in at 40%, which indicates a balanced market.
In North Vancouver, the MOI increased, reaching 8.8 months of inventory compared to 5.4 months in November. The North Van market is in buyer’s market territory based on MOI. The sales-to-new-listings ratio for North Van was 75%, which indicates a strong seller’s market.
Prepared by John Jennings, Royal LePage Sussex-John Jennings
