Monday, June 4, 2012

Fraser Valley

Stats out here for May.

1,616 sales
10,826 inventory

MOI of 6.69 a bit lower than I thought we would end up. There was actually a little more buying near the end of the month it seems.

SFH Benchmark up 3.6% YOY and Attached, Condos flat YOY. Of course there has been a lot of doubt placed on the HPI of the various boards. Some say they are designed never to go down!

I cannot comment, not having the time to pour over the statistical analysis, however it is hard to see how the average AND the median are both down for SFH -3.7 and -3.8 and the HPI is still up.

Beats my simple statistical brain.