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Latest Housing Market Update

Latest Housing Market Update

Home sales down, listings up across Metro Vancouver

 

“Home buyers have more breathing room this spring. They have more selection to choose from and less demand to compete against,” Phil Moore, REBGV president said


For all property types, the sales-to-active listings ratio for April 2018 is 26.3 per cent. By property type, the ratio is 14.1 per cent for detached homes, 36.1 per cent for townhomes, and 46.7 per cent for condominiums.


Downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

 

 

Download the latest Metro Vancouver stats package here

Download the latest Fraser Valley stats package here

Watch the latest Metro Vancouver housing market update here

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