Vancouver March Housing Market Activity 'Stronger Than Expected'

3:12 PM Apr 4, 2023

In terms of listings, the region saw 4,317 new listings in March, up 24.5% from the 3,467 new listings in February. Again, the March total is well below the 6,690 new listings in March 2022 and 22.3% below the running 10-year average . Using the above statistics, we can determine both the sales-to-active-listings ratio and the sales-to-new-listings ratio, which are two quantitative indicators that can give us a sense of the market lean.

As March saw 2,511 sales and the number of currently-active listings is now at 8,178, the sales-to-active-listings ratio is now 30.7%, a sizeable jump from the 23.0% last month, indicating movement towards favouring sellers.

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