Wednesday, January 5, 2011

Vancouver December 2010 Home Sales and Prices Down

December 2010
Real estate market stable at year-end


New listings (-21% Year on year, -44% month on month)
sales (-24% Year on year and month on month)
prices on all types (up 2.7% year on year, -0.39% month on month)
prices on detached (up 4% year on year, -0.2% month on month)

Detached price index is down 2.5% from the peak in April 2010.

The biggest stunner is the drop in listings. Anecdotal data suggests sellers are holding off the market in hopes of a vibrant spring.

1 comment:

jesse said...

Well I don't know if it's a "stunner" as there is generally more price weakness in the winter than other seasons. I think it's fair to say the general malaise of sales from earlier in the year ended with a suitable bookend.