Greater Vancouver Housing Market Update July 2013
The total number of properties currently listed for sale on the MLS in Greater Vancouver is 17,289
The total number of properties currently listed for sale on the MLS in Greater Vancouver is 17,289
Home buyer demand and the supply of homes for sale has been having a stabilizing impact on home prices
Home sales have remained relatively stable at a noticeably lower level since last August
Home buyer demand remains below historical averages in the Greater Vancouver housing market
In December, BC residential sales dollar volume was down 28.6 per cent to $1.5 billion
For much of 2012 we saw a collective hesitation on the part of buyers and sellers in the Greater Vancouver housing market
It’s been a relatively slow summer and fall housing market for most areas of the province.
Today, the sales-to-active-listings ratio sits at 8% which puts us in a buyer’s market.
Summer is traditionally a slower time for real estate and 2012 was no different.
The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service® (MLS®) in BC declined 12.9 per cent to $3.1 billion in July compared to the same month last year.