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The above graph is updated daily. It shows the current active listing to homes selling ration. This tells how many months of home inventory is on the market (how long would it take to sell all the currently active homes if no other homes were listed until all the currently listed homes would sell).

This information is relevant to determine if it is a sellers market, buyers market or a balanced market. If all the homes would sell in less than 4 months, that is considered a sellers market. Anything between 5 and 8 months is a balanced market and if it would take longer than 9 months it is considered a buyers market.

The above data is in percentages, so the conversion is this. Below 12% is considered a Buyer’s market. 13% to 22% is considered a balanced market. Anything above 23% is considered a Seller’s market.

Commercial foreclosure properties located to the East of Mission, BC.

Commercial Foreclosure Photo - 8421 and 8449 McLean

For more information click:

New Price is $399,900

With 20% more homes available and about 18% less homes selling in the past year we have seen an overall average in home prices drop by 8%. Values are still much higher than the upwards of 45% gained in the past few years but this 8% annual decline is quite substantial.

Congratulations to Ryan and Jacey on your new home purchase.

Chilliwack Townhome