Agent Will

The December 2008 Stats have just been released.  Interesting stuff to be sure.

Good news!   December sales increased over the abysmal November sales – a first in 27 years!

What was not said:  December’s sales were still the lowest on record going back the 16 years I have stats.  November was just absolutely pathetic.

Good News!  Listings have dropped off dramatically and the sales/listing ratio went up!

What was not said:  Still the lowest sales to listing ratio in the 16 years stats I have for December and we finished the year at a new 16 year high for total listings active just eclipsing 1996.

Obscure comment on Buyers:  “The reality is that people tend to buy when prices are going up, not when they’re going down,” – sounds like buyers would be crazy not to buy when prices are dropping but the reality is that people get fearful of missing out on  rushes in the booms and sure don’t want to catch a falling knife in a bust.

Oh, and Port Moody has the dubious distinction of going negative for their 3 year price movement.  In this case being first is not such a good thing (unless you are a buyer, right?)