Home sales picked up pace in October, but remain below long term historical averages. Residential home sales in the region were up 23% from September, but were down 35% from last year October 2017.
The supply of homes for sale continued to increase last month, with inventory accumulating to the highest total we’ve seen in the last 4 years. For home buyers this means there is more selection to choose from and for sellers this means increased competition from other listings.
Watch our latest November 2018 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