Home Sellers have been more active than home Buyers to start off the new year. Even though there were 1,577 sales in January this was a 5% decline over January 2011(which makes it the second lowest sales total in the last decade). On the other hand, the number of listings increased 20% from last January making it the highest total for new listings since 1995! And the total number of listings in Greater Vancouver is 12.5% higher than December 2011.
These factors offer pricing stability and more selection which is great news for Buyers.