MOI - VREB inventory dropping - 22/04/08
"Months Of Inventory" (MOI) for the VREB area, based on MLS searches of listings April 22, 2008.
Was the previous inventory jump an anomaly, or do the drops we see this time reflect a change of the trend?
The above median single family home listings have dropped from 913 to 824, since the last time I checked on April 16, 2008. The overall number is still up from where it was on April 10, 2008.
The total number of condos for sale on the MLS (1006) has also declined quite a bit since April 16, 2008.
Townhouses were the only segment with a minor increase in inventory.
Million dollar plus inventory is still growing. As of April 22, 2008 there were 286 million dollar plus properties for sale in the VREB area.
Copyright © 2006–2008 by
clickcampaign marketing.
Some Rights Reserved.
Copyright Policy and Terms.
Designated trademarks and brands are the property of their respective owners.
Who's online
Don't worry... people are merely yanking their homes off the market and giving up. Some folks would rather stay than sell during a downhill slide or at the bottom of a market, and probably are willing to wait it out... for the ten to twenty years it will take to get back to where it was five months ago. They can always leave it to the kids...