Metro Vancouver home sales soared over 30% year-over-year in October, fueled by lower mortgage rates and renewed buyer confidence. With four rate cuts from the Bank of Canada, the market is improving. Could this signal the end of price moderation and the start of a more competitive market?

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👨‍💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com

Buyers remain cautious to begin the fall market. Home sales totaled 1,852 that is a 3.8% decrease compared to September 2023 and 26% below the 10-year seasonal average. The benchmark price for all residential homes is currently $1.179M representing a 1.8% decrease from September 2023, and a 1.4% decrease compared to August 2024.

However, Market conditions are shifting this October—curious to learn more?

👨‍💼 Victor Song PREC*
📍 Royal LePage Sterling Realty
📞 604-779-8408
📧 info@victorsong.com
🌐 www.victorsong.com

Home sales in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close. Home sales totaled 1,904 that is a 17% decrease compared to August 2023 and 26% below the 10-year seasonal average.

The benchmark price for all residential homes is currently $1.196M representing a 0.9% decrease from August 2023, and a 0.1% decrease compared to July 2024.

If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

Newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly 20% year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver housing market.

Home sales totaled 2,333 that is a 5% decrease compared to July 2023 and 18% below the 10-year seasonal average.

If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

Metro Vancouver home sales remained below seasonal and historical averages in June. Inventory has continued to accumulate to levels last seen in the spring of 2019.

Home sales totaled 2,418 that is a 19% decrease compared to June 2023 and  24% below the 10-year seasonal average. 

If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

The number of sales declined in May compared to what is typical for this time of year in Metro Vancouver. This shift has allowed the inventory of homes available for sale to continue to accumulate with over 13,000 homes now actively listed in Metro Vancouver.

Home sales totaled 2,733 that is a 20% decrease compared to May 2023 and  20% below the 10-year seasonal average. 

If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

The number of Metro Vancouver homes listed for sale on the MLS® rose nearly 23% year-over-year, providing more opportunity for buyers looking for a home this spring.

While Metro Vancouver home sellers appeared somewhat hesitant in January, new listings rose 31 percent year-over-year in February, bringing a significant number of newly listed properties to the market.

Home sales totaled 2,070 that is a 13.5% increase compared to February 2023 and 23% below the 10-year seasonal average. 

If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

An increase in newly listed properties is providing more choice to home buyers across Metro Vancouver, but sales remain below long-term averages.

Home sales totaled 1,996 that is a 4% increase compared to October 2022 and  30% below the 10-year seasonal average. 

The benchmark price for all residential homes is currently $1.1965M representing a 4.4% increase from October 2022, and a 0.6% decrease compared to September 2023.

If you are looking to buy, sell or have questions about real estate, please give me a call.

Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.

Home sales totaled 1,926 that is a 13% increase compared to September 2022 and 26% below the 10-year seasonal average.

If you are looking to buy, sell or have questions about real estate, please give me a call.
Victor Song PREC*
Royal LePage Sterling Realty
604-779-8408
info@victorsong.com
www.victorsong.com

Home prices across all home types in Metro Vancouver rose again in July, as strong sales figures continue to push up against low levels of housing inventory in the region.

June home prices continue to rise in Metro Vancouver’s housing market due to limited inventory of homes for sale in the region.

Home sales totaled 2,988 that is a 21% increase compared to June 2022 and 9% below the 10-year seasonal average.

If you are looking to buy, sell or have questions about real estate, please give me a call.

Competition among buyers in Metro Vancouver’s housing market heats up as summer arrives. While the year started slower than usual, Metro Vancouver’s housing market is showing signs of heating up as summer arrives, with prices increasing for the sixth consecutive month.

Home sales totaled 3,411 that is a 16% increase compared to May 2022 and  1% below the 10-year seasonal average.