It's Not Just Us
May 4, 2023
Vancouver is always a crazy market, often an anomaly compared to the rest of the country but as we sit in our Sellers' market (as of the latest April stats), we find that we're not alone. In fact, most of the country's major urban centres are in the same position. We simply don't have anough housing to meet the demand.
Major change I'm seeing in these recent stats is the number of days that a listing is on the market, usually in the 1-2 week range. That means Buyers are out there & looking at listings at the first opportunity. It's a "snooze, you lose" situation for Buyers.
There will still be overpriced listings that will take longer to sell but for the most part, Sellers are pricing sharply to attract Buyers which usually means a fast sale.
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