Vancouver and area real estate blog

Why Isn’t My Home Selling? Top 7 Reasons…

Posted by on October 16, 2010 | No Comments

Why Isn't My Home Selling? Top 7 Reasons...

In general, it has been a very frustrating market for home sellers.  Here are some of the big reasons why: 1.  Over Supply: Based on OMREB’s September update, there are 5,045 listings in the Central Okanagan.  In some product categories (condo’s, high end homes), there is a huge glut of inventory available. That’s alot of choice, further complicated by… 2. Low Demand:   This September saw a 45% decline in sales over the same month last year, 22% lower than August.  There just aren’t enough buyers out there turn over the high level of in....

Read Full Article »