2013 vs 2012
Sales: 2960 vs 2853 (+4%)
Lists: 5658 vs 6724 (-16%)
Ratio: 52% vs 42%
Est Inventory: 17300 vs 17835(-3%)
Months of Inventory:5.8-5.9 vs 6.3 (May 2012)
MOI is projected to be ~5.8 at end of May, which is in "Balanced Market"
2013 May MOI was the 2nd highest in the last 10+ years
2013 May Sales was the 2nd lowest in the last 10+ years
Historical May MOIs (Months of Inventory):
2006: 2.3
2007: 2.9
2008: 5.4
2009: 3.9
2010: 5.5
2011: 4.3
2012: 6.3
2013~ 5.8
MOI is expected to start rising in June.
Vancouver RE market for the 2nd half of 2013 is projected to be similar or slightly worse than 2012-H2, due to tighter lending conditions and lackluster labor market. Fixed interest rates may start creeping up, something to look out for.
Historical May Sales
2005: 4434
2006: 4297
2007: 4331
2008: 3002
2009: 3524
2010: 3156
2011: 3377
2012: 2853
2013: 2960 (est)
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