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Market Type for all Areas in British Columbia for Sept 2019
Hows The Market? Here's a comprehensive look at all areas in British Columbia.
 
In General, Analysts indicate that prices decrease when the Sales-to-Active-Listings Ratio dips below 12% for several months and conversely increase when it surpasses 20% for several months. 
A Buyer's Market is one in which the Sales-to-Active-Listings ratio is under 12% and puts downward pressure on prices after consecutive months in Buyer's territory.   
A Balanced Market is one in which the Sales-to-Active-Listings ratio is between 12% and 20%.   
A Seller's Market is one in which the Sales-to-Active-Listings ratio is over 20% and puts upward pressure on prices after consecutive months in Seller's territory.
 
In Northern BC the Sales-to-Active-Listings ratio was 15.92% percent and the Months of Inventory ratio 6.28 which resulted in a Balanced Market. 
In Chilliwack the Sales-to-Active-Listings ratio was 19.04 percent and the Months of Inventory ratio 5.25 which resulted in a Balanced Market.  
In Fraser Valley the Sales-to-Active-Listings ratio was 19.60 percent and the Months of Inventory ratio 5.10 which resulted in a Balanced Market.  
In Greater Vancouver the Sales-to-Active-Listings ratio was 16.59 percent and the Months of Inventory ratio 6.03 which resulted in a Balanced Market.  
In Kamloops the Sales-to-Active-Listings ratio was 19.18 percent and the Months of Inventory ratio 5.21 which resulted in a Balanced Market.  
In Kootenay the Sales-to-Active-Listings ratio was 15.62 percent and the Months of Inventory ratio 6.40 which resulted in a Balanced Market.  
In Okanagan Mainline the Sales-to-Active-Listings ratio was 15.71 percent and the Months of Inventory ratio 6.37 which resulted in a Balanced Market.  
In Powell River the Sales-to-Active-Listings ratio was 13.86 percent and the Months of Inventory ratio 7.22 which resulted ... more

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