Stats Review of First 3 Quarters of Okanagan-Shuswap Housing Market

Below is a comparison of the first 3 quarters of 2016 to the first 3 quarters of 2015. These are the 9 month averages of monthly residential statistics only. The 4 main statistics we watch are the Sales, Absorption, Inventory and Prices. Absorption is defined as the percentage of Inventory that sells on a monthly basis. As you can see there is a dramatic increase in sales and absorption, a moderate increase in prices and a decrease in inventory in all 3 zones. These are the statistics we use to predict what the immediate future of the Okanagan Shuswap Real Estate Market  will be like. As fars as we can see it is full speed ahead. 

 

Dave Strle

Dave Strle

REALTORĀ®
CENTURY 21 Executives Realty Ltd.
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