Latest Housing Market Update
May 31, 2018
Reduced demand is allowing housing supply to accumulate
“With fewer homes selling today compared to recent years, the number of homes available forsale is rising,” Phil Moore, REBGV president said.
“The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.”
“For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing,” Moore said. “It’s also important to work with your local Realtor to better understand these changing conditions.”
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