Home sales in Metro Vancouver remained below seasonal and historical averages in June 2024, with buyer competition reduced and inventory levels rising to levels not seen since spring 2019.
Sales and Inventory:
Total Sales: 2,418 residential sales, a 19.1% decrease from June 2023, and 23.6% below the 10-year seasonal average.
Home sales in Metro Vancouver saw a significant decline in May 2024, with transactions down 19.9% compared to May 2023. This decrease comes amidst an increasing inventory of homes, with over 13,000 properties now listed on the MLS®.
Sales Figures:
Total Sales: 2,733 residential properties, down from 3,411 in May 2023.
April has been a landmark month for Metro Vancouver's real estate market, witnessing inventory levels hitting the highest since the pandemic summer of 2020. The total number of properties listed reached 12,491, marking a 42.1% increase from last year.
Here are some key highlights:
Sales Volume: Residential sales saw a modest rise of 3.3% year-over-ye...
Residential property sales in Metro Vancouver saw a slight decrease of 4.7% in March 2024 compared to March 2023, with 2,415 homes sold. This is significantly below the 10-year seasonal average.
Increased Listings:
There was a notable increase in homes listed for sale, with a 23% year-over-year rise in March 2024, offering more options for...
The Metro Vancouver housing market experienced notable developments in February 2024, with a surge in new listings and an uptick in sales, suggesting a dynamic period for both buyers and sellers.
The new listings in February rose by 31% year-over-year, contributing to a significant increase in inventory and offering more options for buyers. This cha...
Inventory remains low in Metro Vancouver* while home sales dipped well below monthly historical averages in January.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,022 in January 2023, a 55.3 per cent decrease from the 2,285 sales recorded in January 2022, and a 21.1 per cent decrease...
