5% less sales than last April
7% more listings than April 2011
6% more inventory than April 2011
2nd lowest sales for an April in the last decade
Average price down 8.1% YOY!!
Median price down 3.7%
And yet MLS HPI Benchmark is up 5.3%- huh!
Look at South Surrey/White Rock. Half as many sales as last year, average down, median down, benchmark up!
Very odd. To have the median and average down so much YOY and yet the benchmark up so much. We will let that go without comment and assume that they have used some sort of reproducible methodology to calculate the benchmark.
Sales to listings is 14%. Well into buyer's territory - see the graph that they have near the end of the stats presentation
Fun with quant: MS Business Conditions edition - Marketwatch recently reported that Morgan Stanley's Business Conditions Index had deteriorated to levels last seen during the 2007-08 financial crisis. Wow...
8 hours ago