Sales are down a startling 41% compared with June 2007. This will make some headlines this week.
We started 2008 with slightly less inventory than 2007.We are currently up 53% over last year, and 80% over May 30th 2006. North Vancouver inventory is up over 113% compared to June 07.
Sales -41%
Total Listings +53%- Looks like the rapid inventory growth might be winding down.
I am sure that price has already gone down for the same house! It not meanful just to watch average price because more and more new home have been sold.