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silverman
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Graph of the Strength of the Real Estate Market – March 2013

Fri Apr 12, 2013 8:22 pm

Graph of the Strength of the Real Estate Market as of the end of March 2013
for the Fraser Valley Real Estate Board (FVREB)


Image

Above graph was compiled by using figures published by the FVREB

All property types (incl. assignments and lots)
Sales: 1,128
Active Listings: 9,503
Sales to Active Listings ratio: 11.9% or 8.4 MOI

New Listings: 2,736
Sales to New Listings ratio: 41.2%

How the Sales to Active Listings Ratio (SALR) affects prices
According to Cameron Muir, BCREA Chief Economist, this is a good rule of thumb:
Home prices are typically pulled downward when the SALR is below 10% (or more than 10 MOI) and pushed upward when above 25% or less than 4 MOI.

Home prices tend to exhibit little upward or downward pressure when the SALR is between 15% and 20%. (6.7 to 5 MOI)
At this level a relative balance exists between supply and demand. Consideration should be given to the direction of the SALR.
A quick check of the SALR over the previous several months can help you understand if the market conditions are holding steady, deteriorating or improving
 
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jesse1
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Re: Graph of the Strength of the Real Estate Market – March

Fri Apr 12, 2013 8:24 pm

This is one of my favourite graphs. Thanks.
There is no shame in overpaying
 
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silverman
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Re: Graph of the Strength of the Real Estate Market – March

Fri Apr 12, 2013 8:30 pm

You are welcome. Glad you enjoy...
 
rofina
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Re: Graph of the Strength of the Real Estate Market – March

Sat Apr 13, 2013 9:31 am

This is one of my favourite graphs. Thanks.
Ditto!

I missed these posts! Thank you!
 
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WhipMaster
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Re: Graph of the Strength of the Real Estate Market – March

Sat Apr 13, 2013 7:44 pm

yes, the graphs are fantastic.
Just letting us know that all is well in the world of buying and selling ... :mrgreen:

thanks... :lol:

p.s., if and when the poop hits the fan we will know before the graph tells us.

but it's sure nice to look at.
Hoo~Cudda~Not~Nod~ed????? :-)

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