HOUSING MARKET OVERHEATING!!!! screaming headlines from a “housing report”…

Well we just continue to “hear all about it” now, don’t we…”it” being the “overheating” Real Estate Market in Canada!

It truly does such a dis service when that company publishes statistics just to make some headlines for themselves!

Those stats are so very, very misleading, aren’t they!  The “talking heads” that run that media department indicate in their “housing report” that prices may have risen too far…well, that is just not applicable to the realities of the South Okanagan market…we still operate here in a REAL estate market, not a statistical wonderland…

There have been 63 new Summerland mls listings this month, contrasted with only 19 sales!!!

Folks, that is more than THREE new listings for every one sale!!!

So, when you “hear all about it”…just remember, those statistics can be manipulated and distorted…for example, if a 26 year old woman gives birth, the AVERAGE age in the room becomes 13 years old…As always, for REAL input, REAL experience, and honest advice, let me know, I am happy to help if I can…

http://www.theglobeandmail.com/report-on-business/housing-market-overheating-royal-lepage/article1527304/

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