November home sales outpace seasonal norms and long-term averages
Home buyer demand has been at near record levels in our region since the summer. This is putting upward pressure on home prices, particularly in our detached and townhome markets.
The supply of homes for sale are a critical factor in understanding home price trends. The total number of homes for sale in Metro Vancouver is lagging behind the pace of demand right now. This trend favours home sellers in today's market.
To better understand conditions in your property type or neighborhood of choice, just give me a call and I can help you develop a strategy to reach your long-term real estate goals.
Victor Song PREC*
Royal LePage Sterling Realty