Wondering if it's a good time to buy or sell? This graph taken from the Real Estate Board of Greater Vancouver shows an indication of total active listings to sales ratio. In December of 2012 active to sales ratio was at approximately 11%. Twelve months later active to sales of homes have been selling on an average of 23.7% which translates to more than double the amount in sales activity.
What does this mean to you as a buyer or seller? To me this means that for sellers it would translate to a higher likelihood to sell their homes at the fairmarket value. And to the buyers it translates to me that it would be a good idea buy before this market peaks. Whether or not we are at the peak of the market activity is anyone's guess. But from my experience, my guess would be no.