When it comes to predicting the real estate market...it's all in the numbers. Increasing or decreasing inventories combined with absorbtion rates (the number of properties selling in a given period of time), have consistently proven to provide insight into the future trends. For the past two months, we are experiencing higher sales volume and lower inventories, the beginning signs ...
Posted by Bill Hubbard
on October 26, 2010
Here is our monthly update on the North Okanagan Real Estate Market. In addition we have added statistics and charts to give you some perspective on how the market has changed and is changing from May 2007 through May 2009. As always we are happy to answer your personal real estate questions.
Residential
New Listings
172
Listings ...
Posted by Brenda Ellis
on June 8, 2009
I'm not sure that the saying "A picture is worth a thousand words" was intended to be applied to charts or graphs - or how it relates to the concept of real estate blogging - but here goes.
In looking at the numbers recently doing the April Statistics - with the wise words of the world according to Bill still fresh in my ears.. I decided to take some time and look back to see where we have come from ...
Posted by Brenda Ellis
on May 14, 2009
Most people will not believe that. However, most people did not believe me when I said that the market is starting a correction in the last quarter of 2006 either.
The Real Estate Market is actually very predictable.
There are certain specific statistics that fluctuate with the market. Most of them change long before prices do.
First, we have the inventory. Even though I am an investment ...
Posted by Bill Hubbard
on April 30, 2009