Conditions continue to favour buyers in the Greater Vancouver housing market

October 5, 2012

September 2012 Real Estate Statistics

Eugen Klein, REBGV president declares a buyers market.

What is a buyers market?
A buyer's market is when there are many more homes for sale than there are buyers. As a result, prices may drop over time as home owners become eager to sell their property. To measure market activity, the Greater Vancouver Real Estate Board has a unique tool. It's a Sales-to-Listings ratio which measures the balance between demand and supply.

  • a ratio of 12 sales for 20 listings means we are in a seller's market (also known as a ratio of 55 - 60%).
  • a ratio of less than 7 sales for every 20 listings means we are in a buyer's market (also known as a ratio of less tan 35%).
  • a ratio between 7 and 12 sales per 20 listings is considered a balanced market.

Read the full REBGV's report

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