Real Estate Blog by Adina
Vancouver Market Update June 2019
Blog by Adina Dragasanu, Personal Real Estate Corporation | June 14th, 2019
Home sales in Metro Vancouver topped 2,000 for the first time this year in May, making it the highest selling month of 2019.
Sales were up 44% vs April, and Detached Sales in East Vancouver and North Vancouver were almost double relative to April. Even the West Vancouver experienced a rebound, with Detached sales up 43% vs last year.
While it’s common for us to see sales pick up at this time of the year, what’s been interesting is that inventory didn’t follow suit, remaining almost unchanged vs April.
This combination of increased sales and limited inventory has swung our Sale to Active Listings Ratio back into balanced market territory.