What is local Real Estate going to do?
It’s that time again, so buckle up and hang on, we are about to peer into the future and try to tell you what Real Estate in Abbotsford | Mission is going to do. Our crystal ball uses the chart below to predict what might happen. Homelife Glenayre Realty have put together this chart that shows the amount of sales versus the amount of listings and we publish every month if you wish to subscribe.
The percentage of monthly sales against the total inventory of listings on the market is the best way we know of to track trends.
It is important to note that one month’s percentage does not indicate price changes, however, if over many months a trend develops, prices may change.
- Above 23% indicates a Seller’s market.
- Below 23% indicates a stable or Buyer’s market.
I have displayed it in red. Traditionally, December, January and February are the lowest percentages.
I print this chart the first week of every month – it really is the best guide to the market.
Call me if you would like an update.
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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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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