{"id":492,"date":"2021-06-11T02:54:41","date_gmt":"2021-06-11T06:54:41","guid":{"rendered":"https:\/\/www.exponentialrealty.ca\/blog\/?p=492"},"modified":"2021-06-11T02:54:42","modified_gmt":"2021-06-11T06:54:42","slug":"may-2021-real-estate-stats-comments","status":"publish","type":"post","link":"https:\/\/www.exponentialrealty.ca\/blog\/may-2021-real-estate-stats-comments\/","title":{"rendered":"May 2021 Real Estate stats\/comments"},"content":{"rendered":"\n<p>Sales \ud83d\udd3c : <strong>187.4<\/strong>% increase compared from May 2020, and a 13% decrease from April 2021. Last month\u2019s sales were 27.7% above the 10-year May sales average.<br>Inventories\ud83d\udd3c : <strong>93.4<\/strong>% increase compared to May 2020 (3684) and a 10.2% decrease compared to April 2021 (7938). <br>Price \ud83d\udd3c: Benchmark price for all residential properties in Metro Vancouver is currently $1,172,800. This represents a 14% increase over May 2020 and a 1.5% increase compared to April 2021.<br>Quick facts: For all property types, the sales-to-active listings ratio for May 2021 is 38.9%. By property type, the ratio is 29.8% for detached homes, 53.8% for townhomes, and 43.5% for apartments.<br><br>My comments:<br>If you have been following social media, the Real Estate market has slowed down a little compared to 2-3 months ago. With the pandemic it\u2019s hard to predict what will happen the rest of the year but I don\u2019t see a big correction to happen either. The properties that check all the boxes still receive multiple offers. Having said that, I do notice the number of offers decreasing in both detached and attached properties. There are more inventories and buyers have more chances to select what they like. For sellers, it\u2019s still a good time to sell, price is quite decent compared to the past couple years. <br><br>Stay safe!<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Sheron<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales \ud83d\udd3c : 187.4% increase compared from May 2020, and a 13% decrease from April 2021. Last month\u2019s sales were 27.7% above the 10-year May sales average.Inventories\ud83d\udd3c : 93.4% increase &hellip;<\/p>\n","protected":false},"author":3,"featured_media":495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/492"}],"collection":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/comments?post=492"}],"version-history":[{"count":4,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"predecessor-version":[{"id":498,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/posts\/492\/revisions\/498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media\/495"}],"wp:attachment":[{"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exponentialrealty.ca\/blog\/wp-json\/wp\/v2\/tags?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}