Will we crack 20,000 listings in September 2012?

As the sales results started to on September 4th, the turn in the calendar marked the beginning of the post-summer season.

Summer is traditionally a very slow period, a time when listings are pulled.

And inventory did shrink. On August 1st we posted the month-end stats for July which trimmed -110 listings of the then-uninterrupted year-long gallop of climbing listings.

On September 4th we posted the month-end stats for August, which trimmed a huge -606 listings off of the August 1st total. 

It was a total of 716 listings that were wiped off the total inventory numbers - and the pursuit of the 20,000 listings mark seemed a climb to a goal which may have peaked and past.

But as we said on September 4th, the September listings watch was going to be intriguing and to date it has.

It only took 6 business days for summer's total of a -716 drop in total inventory listings to be wiped out.  By the end of the 7th business day yesterday, listings had climbed a rapid +829 - on par for a pace to make September either the 2nd or 3rd greatest listings gain month of the year.

It has some asking if we may actually crack 20,000 this month.

The watch continues.

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Mon Post #2: Remember our 20,000 prediction listings contest?

Back on May 9th, when inventory was cracking 18,000, all indications were that the Vancouver market  was moving resolutely to the psychologically significant 20,000 mark.

So we decided to have some fun with it and invited bold souls to venture predictions as to when (if) we would crack the 20,000 mark.

On Friday we were sitting at the 19,630.

Will be crack it later this month?  July has historically been a time where listings have been pulled for the summer, so we shall see.

Below are most of the guesses submitted.  Who will be closest?

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May 28
Farmer

May 29
RumbleGuts

May 30
Jen

June 1
Sockeye
BoneShaft

June 2
Terminal City Girl

June 3
Nick-Vancouver

June 4
Robert (Maple Ridge)
Ash

June 5
Michael J - Vancouver

June 6
V

June 8
Alpha_Bear

June 11th

TCG

June 12th
Peter

June 13th

Ryan

June 15
another value investor

June 18

Grrr, Rob___

June 20
MolestoTheClown

June 21
Summer Solstice! (buffates)

June 25

Duran

June 29
anobserver

July 1
Steve

July 7

Josh

July 11
GG

July 17
A Political Junkie

July 25
Alexander

20,000 won't be achieved
kman


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Email: village_whisperer@live.ca
Click 'comments' below to contribute to this post.

Please read disclaimer at bottom of blog.

The Countdown to 20,000... what's your prediction? - Day 3

When it comes to Real Estate on the Wet Coast right now, the story is all about the burgeoning inventory.

While total inventory has been higher before, never has it been this high this early in the year. More interestingly, there has not been one single day this year where the total number of sales has been higher than the total number of new listings.

However... until prices start to fall noticeably, it isn't a crash or even a severe 'correction'. 

But one thing is for certain - it IS damn interesting.

Thursday we cracked the 18,000 mark and we head into the weekend sitting at 18,176.  All indications are that the Vancouver market is moving resolutely to the psychologically significant 20,000 mark.

So let's have some fun with it.

Each night we post the days total inventory increase/decrease as well as the total market inventory figures. On which night, exactly, will we crack the 20,000 mark?

Between now and Sunday chime in with your prediction in the comments section.

If you don't have a blogger ID and you normally post anonymously, add a pen name with your prediction so we can keep track of who is predicting what.

There's no prize, but let's see who can pick the day closest to the actual day inventory cracks the 20,000 mark (remember... there are not updates on Saturday or Sunday nights)

Below are guesses submitted so far.  Pick the same date as others or choose one that isn't selected. What night will we crack 20,000?

______________________

May 28
Farmer

May 29
RumbleGuts

May 30
Jen

June 1
Sockeye
BoneShaft

June 2
Terminal City Girl

June 3
Nick-Vancouver

June 4
Robert (Maple Ridge)
Ash

June 5
Michael J - Vancouver

June 6
V

June 8
Alpha_Bear

June 12th
Peter

June 15
another value investor

June 20
MolestoTheClown

June 21
Summer Solstice! (buffates)

June 29
anobserver

July 1
Steve

July 11
GG

July 17
A Political Junkie

July 25
Alexander

20,000 won't be achieved
kman

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Email: village_whisperer@live.ca
Click 'comments' below to contribute to this post.

Please read disclaimer at bottom of blog.