I was waiting for the Okanagan numbers patiently and was rewarded.
Here they are
Here's what the board had to say today:
July 7, 2010 Shuswap Housing Market Shifts in Favour of Buyers
July 7, 2010 Central Okanagan Housing Market Moves into Buyer’s Cycle
July 7, 2010 Buyer’s Cycle Continues in the North Okanagan Market
Here are some high-lights for the Central region ie Kelowna:
1) +5.7 % more listings than last June
2) -21.7% less sales than last year.
3) 346 sales with a total of 5793 listings = 16.7 months of inventory
In the North Zone the number is 2824 listings and 130 sales = 21 MOI
In the Shushwap Zone we have 29 MOI.
These numbers are so astounding that I have checked them several times. Please feel free to confirm or refute them
Despite lots of graphs on the site, there doesn`t seem to be a mention of average price, HPI, Median price etc. I guess there are too many sub-indices and smaller communities to make it useful.
The bull sure looks to have been slaughtered and slathered in BBQ sauce and is being cooked to a nice sizzle.
‘Doomed’? – “Home prices in Canada are now double what they were in the 1970s in real terms. Historically, over the very long term, real home prices tend to be flat.” - “Home prices in Canada are now double what they were in the 1970s in real terms. Historically, over the very long term, real home prices tend to be flat.” ...
1 hour ago