Market Update

Home sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,149 in September 2021, a 13.6% decrease from September 2020, and a 0.1% decrease from August 2021.

Last month’s sales were 20.8% above the 10-year September sales average, and new listings were 1.2% below the 10-year average for the month. For all property types, the sales-to-active listings ratio is 34.1%.

“Home price trends will, however, vary depending on property type and neighborhood, so it’s important to take a hyperlocal look at your location and property category of choice before making a home buying or selling decision.” Keith Stewart, REBGV economist said.

To better understand the latest home price trends in your preferred location and home type, talk with your local REALTOR®! Contact us today!

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