Friday, July 03, 2020
Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,443 in June 2020, a 17.6% increase from June 2019, and a 64.5% increase from May 2020.
Last month’s sales were 21.9% below the 10-year June sales average.
"REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way. Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place." Colette Gerber, REBGV Chair.
There were 5,787 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2020. This represents a 21.8% increase compared to June 2019 and a 57.1% increase compared to May 2020.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,424, a 23.7% decrease
compared to June 2019 and a 15.1% increase compared to May 2020.