Real Estate : Inventory Tracker

Inventory Tracker

Total Vancouver Market Inventory
(from Vancouver Price Drop Blog)

Jan. 3, 2012:    10,671

Feb. 1, 2012:    13,368 (+2,727)
March 1, 2012: 14,912 (+1,544)
April 2, 2012:   16,074 (+1,762)

May 1, 2012:    17,122 (+1,048)
June 1, 2012:  18,575 (

+ 1,453)
June 4, 2012:  18,683
June 5, 2012:  18,824
June 6, 2012:  18,921
June 7, 2012:  18,924
June 8, 2012:  19,021
June 11, 2012: 19,082
June 12, 2012: 19,121
June 13, 2012: 19,183

June 14, 2012: 19,194 (

+ 619 so far this month)


New Listings     219
Price Changes  141
Sold Listings   120
Expired/Cancelled 88
Inventory change: +11

Data as per recorded on blog Vancouver Condo Info based on Realtor Paul B’s numbers.

Note:
Burgeoning inventory and collapsing sales are the first sign of an impending housing collapse. Vancouver Inventory at the start of the year (on January 3rd) stood at 10,671. Every single day this year has seen more listings than sales.
On those rare days where inventory has dropped, it has been due to a large number of listings expiring, not sales outpacing the listings for that day.
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COMMENT:
Many Real Estate Bloggers were in either of (2) camps
—-One was that we would never see inventory climb past 18,000.
——The other was that we would, and that 20,000 would not only be achieved, it would be sign of a meltdown.
In the Interior ie Kelowna, they are reporting the equivalent of (5) …FIVE …  Years of inventory currently for sale. OUCH !!!
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