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...
More Listings, More Choice!
Posted on Apr 13, 2024
Great news for homebuyers in Metro Vancouver! The amount of homes available for sale has increased by almost 23% compared to last year, giving buyers more options this spring.
According to the latest report from the Greater Vancouver REALTORS®, there were 2,415 residential sales in March 2024. While this represents a slight drop of 4.7% from March 2...
Spring Enjoys Budding Inventory As More Home Sellers List Their Homes
Posted on Mar 12, 2024
February saw new listings rise 31% from the year-over-year number recorded in February; bringing much needed inventory to the Greater Vancouver market.Sales in Greater Vancouver reached a total of 2,070 in February 2024, which is a 13.5% increase from the previous year and 23.3% lower than the 10-year seasonal average.
“While the pace of home sales...
January Starts Strong For Metro Vancouver Housing Market
Posted on Feb 16, 2024
In contrast to the balanced market observed at the close of 2023 in Metro Vancouver, January of 2024 saw a shift favoring sellers due to a disparity between the rate of newly listed properties and the volume of home sales. According to the Real Estate Board of Greater Vancouver (REBGV), residential sales in the area reached 1,427 in January 2024, m...