What do have to compare with? From the REBGV stats:
In March 2012, there were 2874 sales, 30% less than March 2011, and 8% less than March 2010.
March 2012 had the second LOWEST sales of any month since 2002. It was 17% below the 10 year average.
Listings were up 15% from March 2011.
What does this all mean? It mean March 2012 was a very weak month and the bar is set very low.
If we go under March 2012's sales we really are in a correction.
Waiting for the gap fill
-
*Mid-week market update:* The decline in the S&P 500 seems to have been
arrested at its 20 dma (blue line). The next question is which price gap
gets fille...
2 days ago
484 new
ReplyDelete229 price change
238 sold
6694 detached
8412 attached
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ReplyDeleteFew words say so much.
ReplyDeleteYup - sometimes less is more
DeleteMarch will be very important for the RE market
Con-rad the tax-evader?
ReplyDeletehttp://www.cp24.com/cra-after-more-than-5m-from-conrad-black-1.1192900
Shows that the CRA must have some independence from the Tories
DeleteWe have a new pope! I wonder if the market will crash before there's need for another one.
ReplyDeleteWith all the problems the new Pope will face, I would think he will be as happy as the next boc governor or BC Premier
Delete403 new
ReplyDelete176 price change
191 sold
6722 detached
8442 attached
413 new
ReplyDelete174 price change
166 sold
6752 detached
8480 attached
This comment has been removed by a blog administrator.
ReplyDelete377 new
ReplyDelete167 price change
189 sold
6760 detached
8486 attached
MSM are on it now
ReplyDeletehttp://ca.finance.yahoo.com/blogs/pay-day-/housing-sales-plummet-canada-hot-market-finally-cools-154508820.html
This comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDelete468 new
ReplyDelete202 peice change
222 sold
6771 detached
8482 attached
ReplyDeletenumbers
439 new
181 price change
204 sold
6771 detached
8514 attached
This comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteSorry - having trouble getting the numbers tonight.
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Yesterday's numbers
ReplyDelete400 new
223 price change
223 sold
no mistake both are 223 !!!
6807 detached
8553 attached
Hey fish
ReplyDeleteThink there might be a bump in listing as the tulips bloom, or is this just going to be an overall dead year?
Longtime lurker, thanks for the data
Hi Anon. I hope so, so far there has been a slight bump in sales the last few days
Deletenumbers
337 new
188 price change
235 sold
6807 detached
8556 attached
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ReplyDeleteWe have to admit bears, there has been an up-tick in sales the last week
ReplyDeletenumbers
372 new
185 price change
238 sold
6824 detached
8551 attached
This comment has been removed by a blog administrator.
ReplyDeleteThis comment has been removed by a blog administrator.
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