New Listings plummeted in February which is likely attributable to the poor weather condition across Vancouver in February. If sellers were holding their new listings until the weather warms up, we should expect a significant rise in New Listings in March. However, another low New Listings month in March could signify that there won't be a huge rise in Total Inventory (eg. 20k+) this year.
In March, New Listings may be one of the more important indicators to watch to see if sellers are starting to panic.
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