Over the past week, there has been a 6% decrease in the total inventory of homes for sale in Vancouver's Westside.  In fact, the number of new listings hitting the market has been declining every week in the month of June.  In March, April and May, there was a significant rise in listing inventory, but that seems to be stabilizing or perhaps dropping.  With that said, the total inventory today is at 3,516 units. 

Fixed mortgage rates dropped slightly, and prices have stablized over the past month.  With a good selection of properties to choose from, this is a great opportunity for Buyers over the summer months!

Sellers will need to be conservative in their asking price.  Over the past week, a handful of carefully priced properties sold at list or slightly above list price after only a few days on the market.  However, the average property is taking longer to sell than it did in early spring.