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...
More Properties To Choose From, But Not More Transactions
Posted on Aug 23, 2024
Market Headed To Balance, Buyers Still Hesitate
Posted on Jul 23, 2024
In June, Metro Vancouver home sales recorded were below both seasonal and historical averages. With less buyer competition, inventory levels have risen to their highest since spring 2019.
According to the Greater Vancouver Realtors (GVR), there were 2,418 residential sales in June 2024, marking a 19.1% decline from the 2,988 sales in June 2023. This...
Will The Interest Rate Ignite The Market?
Posted on Jun 08, 2024
In May, the number of home sales in Metro Vancouver was lower than usual, causing a buildup in the number of available homes. Now, over 13,000 homes are listed for sale on the MLS®. According to the Greater Vancouver REALTORS® (GVR), there were 2,733 residential sales in May 2024, which is a 19.9% drop from May 2023's 3,411 sales. This figure is al...
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...