Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes. Below is our quick charts for instant feedback on the local Abbotsford, Mission & Chilliwack markets. For other areas please call me directly.
Abbotsford, Mission & Chilliwack Housing Inventory can dictate market prices, here is a quick guide on how to read the charts below. Each city has three types of properties we monitor: Condos, Strata Townhouses, Detached Homes
- Less than 4 months is a seller’s market generally.
- 5-7 months inventory is considered a balanced market.
- 8 months & above would be a Buyer's market.
- Less than 13% is a Buyer’s opportunity.
- 14% - 22% of sales to listings per month is considered a balanced market.
- 23% and above is a very active Seller's market and may put upward pressure on price
In summary, we will provide these market reports at the beginning of each month. Thanks for following our blog the Insider. Homelife Glenayre Realty Co Ltd.
This blog is written and supported with the help of: www.PriscillaSellsBC.com & Homelife Glenayre Realty - Mission
1 - 32540 Logan Ave Mission BC V2V 6G3
604-202-2330 or Office 604-826-2699
Connect with me on Facebook & Instagram
Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings,Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling,home buying and mortgages, movers and other realty services in Mission and area.
Advantages for the Experienced Agent with HomeLife Glenayre Realty Co. Ltd.:
Household name in local market
Number one office in technology services
Office of the future
First paperless in Canada
Latest web services including social networking