Market statistics
DAILY MARKET STATISTICS
The Fraser Valley sales stats change daily. By tracking these we can get a sense of where the market is headinng.
Example: Total sales for July were over 2200, for August they were aprox 1800 for September approx. 1500. The trend was showing the market slowing down.
Then in October the sales stats increased shwoing the trend reversing.
These stats are reported at the end of each month, (acually in the first 5 days of the following month).
What I provide here are the daily stats, so we can determine much sooner when treds are hanging.
Example:
November first 7 working days are as follows;
Sales Nov. ...558 Oct.... 508 shows sales in Nov. are 9 % higher then Oct.
New listings Nov. ...792 Oct. ...997 shows inventory is decreasing by 25%
Market is shifting to a"SELLERS MARKET"
I will provide this info three times a week.