Seller market



Muir said the ratio of sales to active listings is a useful indicator of overall market conditions.

For example, a 20% ratio would mean that 20% of the homes listed in a month are being sold. The higher the proportion, the more active the market, the more buyers will be required by the seller.here is Commercial Shops for Sale in gulberg Lahore are available.

Muir said there are regional differences, but in general, the market is considered a "seller's market" when the ratio of sales to listings is higher than 20%.

According to BCREA, almost all other markets in BC save for the seller's market, except for the North and Kootenay.

In the Greater Vancouver area, this figure is 42.9%.

In the Fraser Valley area, it is 57.6%.

BC's best-selling housing market is Victoria, which sold 70.9% of its listings.

Sales slowed, but the market is still hot

According to BCREA, the province's total home sales dropped by about 24%, but Muir said it actually proves that local listings are limited! It is not a sign of cooling in the market.


Muir said: "Despite the decrease in sales compared with the same period of last year, the market conditions are quite similar to the same period of last year. The demand for housing continues to grow due to employment growth and the influx of inter-provincial migrants. All this will help support housing demand, This is also why most market prices have risen. "
Commercial Shops for Sale in gulberg Lahore

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