Your September Inventory Report Abbotsford & Mission
I use these statistics to gauge the market and I thought you might like them as well. If you know anyone else who would like this information, let me know. Please remember I really appreciate referrals.
Inventory can dictate markets; 5-7 months inventory is considered a balanced market, above that would be a Buyer’s market. The percentage of sales to active listings correlates to inventory. 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 prices.
Median is the middle point of the inventory. Average is calculated by adding up the sale price of all the listings sold and then dividing it by the total sales. Benchmark price is based on a predetermined standard home, condo or townhouse. I can provide you a more detailed explanation of how our Benchmark Housing Price Index works if you would like.
300 – 3303 Immel St. Abbotsford BC V2X 5Y1
1 – 32540 Logan Ave Mission BC V2V 6G3
O 604 859 3141 or 604 826 2699
F 604 859 5226 or 604 826 2621
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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.
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