Feb 2015 Month-End Vancouver RE Snapshot

Feb 1-28 2015 vs 2014:

Sales: 3086 vs 2530 = +22% YoY  (was +9% YoY last month)

New Lists: 5390 vs 4700 = +15% YoY (was -11% YoY last month)

Sales/New List Ratio: 57% vs 56%

Total Inventory: 11930 vs 13412 = -11% YoY (was -14% YoY last month)

* Projected MOI for Feb/15: 3.9 months = Mild Seller's Market

* Last February had MOI of 5.3 months (balanced market) 

* Feb 2015 brought marked YoY increase in Both sales and new listings.

* New Listings = +14% above 10 year average (2005-2014)

* Sales = +21% above 10 year average (2005-2014)

* Sales/New List Ratio similar to last year.