Wednesday, October 02, 2019
Home buyer demand has returned to more historically typical levels in Metro Vancouver* over the last three months.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3% increase from September 2018, and a 4.6% increase from August 2019.
Last month’s sales were 1.7% below the 10-year September sales average.
"We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year. Home buyers are more willing to make offers today, particularly in the townhome and apartment markets." Ashley Smith, REBGV president.
There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2019. This represents a 7.8% decrease compared to September 2018 and a 29.9% increase compared to August 2019.