Inventory or stock refers to the goods & materials that a business holds for the ultimate purpose of resale. In our industry we sell Homes. Below is our quick charts for instant feedback on the local Chilliwack market. For other areas please call me directly.
Chilliwack Housing Inventory can dictate market prices, here is a quick guide on how to read the charts below. There are three types of properties we monitor: Condo's, Strata Townhouses, Detached Homes
- Less than 4 months is a sellers market generally.
- 5-7 months inventory is considered a balanced market.
- 8 months & above would be a Buyer's market.
- Less than 13% is a Buyers opportunity.
- 14% - 22% of sales to listings per month is considered a balanced market.
- 23% and above is a very active Seller's market and may put upward pressure on prices
In summary we will provide these market report at the beginning of each month. Thanks for following our blog the Insider. Homelife Glenayre Realty
300 - 3303 Immel St. Abbotsford BC V2X 5Y1
1 - 32540 Logan Ave Mission BC V2V 6G3
O 604 859 3141 or 604 826 2699 F 604 859 5226 or 604 826 2621
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Mission real estate for sale, Mission REALTORS®, and Mission MLS® Listings. Access Mission real estate listings, Mission REALTORS®, new homes and Mission foreclosures. We also have information on Mission home selling, home buying and mortgages, movers and other realty services in Mission and area.
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