Market Update! – January Listing Stats
Posted by kelownarealestatepros on February 14, 2012 | No Comments
Based on January units listed & sold, the market has stabilized, with a 1.42% drop in listings and .47% drop in sales from January 2011. Translated that means, although sales are slightly down, listings are further down. Based on the “Law of Supply & Demand” there is an insinuation that prices could be changing direction to an upward slope. Current Month Average DOM (days on market) is down to 118 from 125 in January 2011, meaning activity is increasing slightly and Buyers are gaining confidence in the Kelowna Real Estate Market. Although these Market....
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Filed Under: News & Updates
