2:59 PM Jun 2, 2023
At the end of May, the total number of active listings is now up to 8,809, again a decrease compared to the this time last year and below the 10-year average of 11,705.With the above statistics, we can calculate the sales-to-new-listings ratio and the sales-to-active-listings ratio, which are two quantitative indicators that can help us identify whether the housing market in Metro Vancouver is favouring buyers or sellers.
With 3,381 home sales and 8,809 total active listings after May, the sales-to-active-listings ratio is now at 38.4% — well into sellers’ territory. Furthermore, last month, the ratio was at 32.7%, indicating further movement towards favouring sellers.
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