Listings of single family homes on MLS had a greater increase this week. There are 43 more listings today than last week, 74 more than two weeks ago. The largest increase in listings came in the $300000 - $500000 price range. Listings below $300000 are at the lowest level since I started tracking listings inventory (October '06). There are only 18 SFH listed below $300k. I think that this may be a sign that we are seeing price compression, similar to what they are seeing in Vancouver.
As a percentage, less than 2% of SFH listings are under $300000. 37% of SFH listings are between $300k and $500k. 61% of SFH listings are above $500000. That is an astounding number for a city as ours.
Listings of 2 bedroom condos, 3 bedroom townhomes, and 3 bedroom SFH continue to be quite flat, as they have for the past month.
As a percentage, less than 2% of SFH listings are under $300000. 37% of SFH listings are between $300k and $500k. 61% of SFH listings are above $500000. That is an astounding number for a city as ours.
Listings of 2 bedroom condos, 3 bedroom townhomes, and 3 bedroom SFH continue to be quite flat, as they have for the past month.
