Cautious Purchasers Navigate The Fall Market
Posted on Oct 17, 2024 in Market Update
Home sales in Metro Vancouver dropped by 3.8% in September compared to the same time last year, indicating that lower borrowing costs haven't significantly boosted demand yet.
According to Greater Vancouver REALTORS®, there were 1,852 homes sold in September 2024, down from 1,926 in September 2023. This figure is also 26% below the 10-year average f...
Buyers Are Slow To Return After A Quieter Summer
Posted on Sep 17, 2024 in Market Update
In August, home sales in Metro Vancouver were lower than the usual 10-year average, partly because many people are wrapping up their summer holidays.
Realtors in the area reported that 1,904 homes were sold in August 2024, which is about 17% less than the 2,296 homes sold in August 2023. It’s also 26% below the typical sales average for this time of...
The Most Inventory Since 2020
Posted on May 16, 2024 in Market Update
Homes for sale in Metro Vancouver kept rising in April, jumping 42% compared to last year, and surpassing 12,000 listings, a level we haven't seen since summer 2020. Greater Vancouver Realtors (formally the real estate board of Greater Vancouver) report that residential sales hit 2,831 in April 2024, which is a 3.3% increase from the 2,741 sales in...
Metro Vancouver Seeing A Balanced Market
Posted on Dec 05, 2023 in Market Update
A steady increase in the number of homes that are entering the market is creating some housing inventory for buyers to select from. This is some of the largest selection that buyers have had to select from since 2021!
Sales of residential products for November totaled 1,702 as reported by the REBGV (Real Estate Board of Greater Vancouver). This is a...
As The Stock Of Homes Rises, Price Increases Ease Up In Metro Vancouver In Fall
Posted on Oct 19, 2023 in Market Update
The earlier monthly increases in prices observed in the Metro Vancouver housing market subsided in September. This shift was attributed to a seasonal decrease in sales and a slight uptick in inventory levels throughout the region.
According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales reached 1,926 in September 2023...
Pricing Stability In Sight For Metro Vancouver
Posted on Sep 12, 2023 in Market Update
Sales of residential properties reached a total of 2,296 in August 2023 as reported by the Real Estate Board of Greater Vancouver (REBGV). This is a 21.4% increase from...