The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end. 

In hotter markets in BC, a long-term analysis has shown that prices will usually act in the following ways: 

• 7+ Months of Inventory (Under 14% SAL): Prices will likely DECLINE
• 5 – 7 Months of Inventory (14% – 18% SAL): Prices will likely be STABLE
• Less than 5.5 Months of Inventory (Over 18% SAL): Prices will likely RISE