We've been getting a little whip-sawed by the market in recent weeks.
One week things are looking up, and the very next they don't. Consistent, strong trends are lacking at the moment.
This past week was a down week (after the previous week looked very promising).
Sales fell from 282 to 246. New listings dropped slightly from 488 to 480 and total active listings increased to 3,948 (from 3,893). Overall, the market edged into balanced territory going from 3.45 months-of-inventory to 4.01.
The biggest improvement in the last week was for townhouses both on the Westside and in East Van. East Van had 19 sales and moved from 3.83 MOI to 2.3. On the Westside there were also 19 sales that moved MOI from 4.46 to 2.91.
East Van condos didn't improve but they also remained in a seller's market. This has consistently been the strongest market but it was edged out slightly this past week with 2.31 MOI (and 42 sales).
The greatest weakness was once again for houses. This market is where we have seen...