The month of September has an increase in the supply of homes and buyer demand is below the typical levels for this time of year. We are still in a buyers market. - September was 36.1 per cent below the 10-year September sales average
- Residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease from the September 2017
- A 17.3 per cent decrease compared to August 2018 when 1,929 homes sold
- MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,070,600
“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” Ashley Smith, REBGV president-elect said. “There’s more selection for home buyers to choose from today. Since spring, home listing totals have risen to levels we haven’t seen in our market in four years.”