房子好像卖不动了

2012: Worst July since 2008

Ring the bell!  July 2012 has come to a close.

Soon we’ll see the press releases from the REBGV (and more entertaining from the GVREB) but it’s starting to look a lot like 2008 again.

Sales have dropped off dramatically, we’re down about 16% from last July and about 9% from last month.

Listings are growing slower than they did in the spring, but MOI is close to what it was in July 2008 according to VMD:

July 2012 Sales:
YoY: -16%
MoM: -9%

Months Inventory:

2012-07: ~8.5
2012-06: 7.8
2012-05: 6.3
2012-04: 5.9
2012-03: 5.3
...
2011-07: 5.9
...
2008-07: 8.8

http://vancouvercondo.info/2012/08/2012-worst-july-since-2008.html