Feb 2008 22

Market heading toward balance

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Residential attached, detached and apartment property sales totalled 1,819 in January 2008, an increase of 0.7 per cent over the 1,806 total residential sales in January 2007 and a 5.5 per cent decline from the 1, 924 sales recorded in January 2006.

"With new listings outpacing sales increases to start the year, it appears the market is heading toward more balance,” says Real Estate Board of Greater Vancouver president Brian Naphtali. "The result will be welcome for consumers looking for more time to undertake due diligence before making a buying or selling decision.”

graph January

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