Monday, August 25, 2008

Central Okanagan Monthly Real Estate Statistics - July 2008

Here is a link to the Okanagan Mainline Real Estate Bord monthly stats for July 2008:

As you can see things are very interesting at the moment. We are entering a buyer's market. To break down the stat comparison from 2007 to July 2008 in a nutshell the stats read as follows:

Total sales: -38.71% (down from last year)
Average days on market: 74
Listing volume: 84.44% (more homes listed this in 2008 then 2007)
Average house price 2008: $512,811.56
Residential price increase: 6.90% (higher prices then last year)

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