Here is a quick look at what turned out to be a great real estate week. It looks like sellers weren't taking any chances of letting offers slip by and the absorption rates for the week are a great sign for sellers. I mentioned last week that the uptick in mortgage rates would cause a short-term buyer appetite to complete deals to confirm rate holds that were now of short life span, and we can already see it in the numbers in the table below: (These numbers are only for the selling areas of Vancouver West and East.
Week's Sales Report
||Absorption Rate %
|Single Family homes
|Total New Listings
If you or any of your friends are thinking of buying or selling a property, please
email me at: email@example.com or call me at: 778-227-7325 to discuss
a detailed purchasing or marketing plan which could help save thousands of dollars.