Are prices actually going UP?

[Chris Williams]

I've been watching the Vancouver area for a while, looking to buy a small multifamily, or SFH with multi-living potential. I'm seeing something a bit surprising though - in the past few months, it looks like prices keep going up!

The same house listed on MLS for a few weeks, suddenly jumps $25,000 overnight. More than one house I've seen went to pending, but then went back on market with a HIGHER price!

Maybe I'm missing something here, but what the heck? Vancouver has a lot going for it, and I understand limited supply, but this seems bizarre (and off-putting). 

[Michael Lewis]

@Chris Williams. Even in North East Ohio, USA single family homes are about $10,000-$15,000 usd more expensive than 3 months ago, but its limited house supply while still pre coved-19 demand in a A class city. Homes are either sold in the first three weeks on the MLS or they sit for 180 days.