For those of you wondering what a Sellers market looks like, let me supply you with a few statistics for January 2016 courtesy of the Chilliwack and District Real Estate Board.
**101 single family homes sold compared to 76 for the same month last year
**143 new single family home listings compared to 183 for the same month last year, bolstering the already strong Sellers market.
**Active listings at the end of the January 2016 - 428 with January 2015 showing 626. Over 200 less listings for the same period year over year
When you have a low supply and a high demand, you have a sellers market. Great time to List your home and buy in a market that has not reached sellers market stage yet, but don't wait to long, those markets are going to heat up with this spring sunshine teasing us today!
For any Real Estate questions, please email me at firstname.lastname@example.org or reach me at 604-799-6799