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There has been a marginal increase in the inventory as we enter the Spring Market, but not nearly enough to keep pace with the buyer demand, consequently multiple offers are back in play sooner than many expected. 
 
In the South Surrey/White Rock area, the average property was on the market for 53 days in January, the sales ratio was 12%, below 12% is considered a buyers market.  For March, the average days on market dropped to 13, the sales ratio jumped to 44%, anything above 20% is considered a sellers market.
 
Some areas in Fraser Valley and Metro Vancouver have more inventory than others, please get in touch with me anytime to find out which area offers the best selection for your individual needs.
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Multiple offer scenarios have been on the rise since early February, largely driven by a lack of supply. Properties that show well and are priced right for the market are prime candidates.
 
The supply is slowly increasing as we enter into the Spring Market, but not at the numbers needed to balance the market which is when the sales ratio sits between 12 and 20%
 
For buyers with flexibility in terms of location, there are neighborhoods in Metro Vancouver where the odds of finding a suitable property in your price range is more promising. Feel free to call me anytime for specifics. 
 
 
 
 
 
 
 
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Categories:   Fraser Valley Real Estate | Greater Vancouver Real Estate Market | Metro Vancouver Real Estate
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