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Sales to Listings Ratio - Burnaby Metrotown


Blog by Ryan Windsor | June 5th, 2013


  The sales to listings ratio for the Metrotown area on June 4th, 2013 was 17%. This represents a buyers market. 
  • For detached homes in the Metrotown area the sales to listings ratio was 14% - A buyers market;
     
  • For attached homes in the Metrotown area, Townhomes and Duplex/Triplex etc..., the ratio was 32% - closer to a balanced market but still in favour of the buyers;
     
  • And for condos in the Metrotown area the sales to listings ratio was 14% - a buyers market.

  A sales to active listings ratio measures the balance between supply and demand. A ratio of less than 7 sales for every 20 listings represents a buyers market (less than 35%) while a ratio of 3 sales for 5 listings represents a seller's market (greater than 60%). In between 35%-60% it is said to be a balanced market.