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MOI - VREB inventory increasing - 27/04/08
Another "Months Of Inventory" (MOI) snapshot, based on MLS searches done April 27, 2008.
More inventory, that's simple, the general tendency of more expensive houses to appear on the market continues - the disproportionate growth of listings occurs at the top of the market.
The total number of condos for sale on the MLS (1021) has increased a bit since April 22, 2008.
More townhouses are also available.
Million dollar plus inventory is growing - there were 301 such properties for sale in the VREB area on April 27, 2008. A full 15 months of inventory. Doesn't that number alone guarantee price cuts at the top of the market?
It seems some of these expensive properties haven't sold yet, I wonder why?
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