John Jennings of Royal LePage Sussex- John Jennings just released his West Vancouver and North Vancouver market update!
In West Vancouver, there was 16 months of inventory (MOI), up from 14 months in July. The West Van market continues to be in buyer’s market territory based on MOI. The sales-to-new-listings ratio came in at 27%, which also indicates a buyer’s market.
In North Vancouver, there was 7.2 months of inventory in July, up from 6.1 months in July. The North Van market is in a buyer’s market territory based on MOI. The sales-to-new-listings ratio for North Van was 49%, which indicates a balanced market.
Prepared by JohnJenings.com
