John Jennings, Royal LePage Sussex- John Jennings, just released his North Shore stats report for February!
In West Vancouver, there was 19 months of inventory (MOI), down from 26 months in January. The West Van market continues to be in buyer’s market territory based on MOI. The sales-to-new-listings ratio came in at 20%, which indicates a buyer’s market.
In North Vancouver, the MOI decreased, reaching 6.5 months of inventory compared to 7.7 months in January. The North Van market is in buyer’s market territory based on MOI. The sales-to-new-listings ratio for North Van was 34%, which indicates a buyer’s market.
