Market Update
  
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,762 in June 2021, a 54% increase from June 2020, and an 11.9% decrease from May 2021. Last month’s sales were 18.4% above the 10-year June sales average.
“We’re now seeing a market that’s beginning to normalize from the torrid pace in the spring. This is making multiple offers less common, allowing subjects to be seen on offers more frequently again, and is making new price records less likely.” Keith Stewart, REBGV economist said.
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