The fall/winter slowdown is throwing off some funny numbers. We had 175 new listings yesterday, and 179 sales, for a sell/list of 102.29%. There were 93 price changes. Inventory dropped under 10k, again, to reach 10,996, of which 2,732, or 24.85%. In other words, almost 1 in 4 listings isn’t selling after sufficient exposure to the market. At first blush that ratio is still indicative of a seller’s market, but I still think the number indicates why sellers should price their properties as competitively as possible. I also think that further upward growth in the number is a strong indication that buyers are well informed about relative value.
On a related note, Aaron is holding an agent’s open today between 12:00 and 2:00 for the house in Coquitlam. Offers, if any, will be presented on Friday. Let’s survey opinion to see how well the blogosphere knows the market. What is going to happen with this listing?