Local Real Estate Inventory Report
Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes.
Inventory management is a science primarily about specifying the shape and percentage of stocked goods. The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods, and demand forecasting. Holy moly that is a mouth full!
Balancing these competing requirements leads to optimal inventory levels. Understanding these levels can also result in opportunity for Buyers and Sellers! Read the charts below to find your advantage or call us for Insider information
Abbotsford & Mission Housing Inventory can dictate market prices.
- Less than 4 months is a sellers market generally. -see bottom of each chart below.
- 5-7 months inventory is considered a balanced market.
- 8 months & above would be a Buyer’s market.
- Less than 13% is a Buyers 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 prices.
- Each city has three types of properties we monitor: Condo’s, Strata Townhouses, Detached Homes
In summary we will provide these market report at the beginning of each month. Thanks for following our blog the Insider. Homelife Glenayre Realty.
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
Abbotsford real estate for sale, Abbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listings, Abbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home selling, home buying and mortgages, movers and other realty services in Abbotsford and area.
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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