Few things in real estate are certain.
As contrast, in the world of Vancouver Real Estate nothing is as the predictable chill of declining active listings.
2012 witnessed a record number of homes for sale in Vancouver. At this time Total Listings are taking a dramatic drop and in the next few days will decline further than represented in the graph. Anticipated is that sellers will be lining up to market their homes beginning in mid January.
Although current market conditions suggest it is improbable those same conditions could be the market driver that pushes Total Listings in 2013 past the high total of 28,159 in 2012.
The Big Chill
The lowest active listing total in 2012 was January 3rd’s 15,453. On January 01 2013 that total sits at 19,753.
Will the markets of the three real estate boards suffer a big chill and shed 4,000 listings in the next few days? Stay tuned.