Sales to Active Listing Ratios
The Sales to Listing Ratio is a valuable tool to guage the health of the market. Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12% for a sustained period of time (buyer's market), while home prices often experience upward pressure when it surpasses 20% over several months (seller's market). Hence when the line graph is trending upward, it moves in favor of Sellers. Consequently, a downward trend in the line graph is more favorable towards Buyers.
The charts below show the Sales to Listing Ratio for each of the Detached, Townhouse, and Condo markets for both Vancouver West and Vancouver East. For an indepth analysis of your micro-market, contact me.