Updated November data for Vancouver and metro areas indicate rising inventory and a shift from seller’s to buyer’s market, factoring detached, condos, and historic sales trends amid economic pressures.
oh man, real interesting update. buyers seem to have a brighter chance now, but with the econ being rough it might not be all rosy. wondering if these trends might push prices down further. anyone else think this is a temporary shift?
It is noticeable that the rise in inventory has led to a market shift that deserves careful observation. In my experience, these conditions can create a temporary pause in seller demand, while buyers may benefit in the short term. However, economic pressures still play a significant role, and the long-term impact can shift once again. Market cycles tend to revert to more stable phases, so it is advisable to watch how factors like interest rates, government policies, and overall economic trends interact with the real estate data from Vancouver and its metro areas.