MARCH 2023 MARKET UPDATE FOR METRO VANCOUVER REAL ESTATE
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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