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Sales to Listings Ratio - Burnaby South Slopes

Blog by Ryan Windsor PREC | June 5th, 2013

The sales to listing ratio for the South Slopes area on June 4th, 2013 was 13% which represents a strong buyers market.

  • For detached South Slope homes the sales to listing ratio was 10%
  • For attached homes the ratio was 14%
  • For condos the sales to listings ratio was 16% and strong buyers markets for all property types

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.