Feb 2007 2

January brings double-digit increases in listings

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Here is the news from the Real Estate Board of Vancouver, B.C. Feb 2, 2007.

"We're currently seeing double-digit increases in both our new and carried-over listings inventory, a continuation of a trend started last September."

"This may be one of the factors currently relieving the pressure we saw on home prices throughout 2006, which are increasing at a slightly lower rate than they were a year ago at this time."

"We also saw the average days-on-market for residential homes increase to 58 days versus 49 days in January 2006. Clearly, buyers are realizing they have an increase in home selection and are taking more time when making a decision to buy. On the other hand, sellers are still seeing a significant return on their investment. These make for excellent market conditions throughout Greater Vancouver."

You can download the whole Vancouver real estate news release here in PDF format.

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