Real Estate Blog by Adina
Vancouver Market Update May 2019
Blog by Adina Dragasanu, Personal Real Estate Corporation | May 21st, 2019
Everyone's been asking 'how the market is' lately. And while I wish I had an easy one step answer, the truth is that it depends what market you're looking at...
Overall we're seeing sales are increasing month over month, but relative to last year they're down between 20-30% depending on the product type.
Supply of listings on the other hand is showing a big divide, as total inventory is up 4% for detached properties...but almost double (up 91%) for condos, and up 74% for townhomes compared to least year.
If you're looking to buy or sell this year, make sure you get the facts on what's happening in the submarket and product type you're looking at.
Watch our latest May 2019 Vancouver Market Update video for more info. For more detailed information on what's happening in your neighbourhood, please contact us at firstname.lastname@example.org