January 2012: Months of Invenetory Still High
February 20th, 2012
The Months of Inventory (MOI) metric for all West side Vancouver home types rose again in January. The Detached MOI remains over 9 months, Attached surged to 8.98 and Apartments jumped to 7.1. This is a very disturbing trend that indicates a falling market over the next 6 months. This inventory is building in spite of the lowest fixed mortgage rates in history.
Listings grew month ...