September Market Update:
Home Buyer demand has returned to historical typical levels in Metro Vancouver over last 3 months. Residential home sales totalled 2,333 in September 2019 (46.3% increase from September 2018)! REGBV is reported more balanced housing market conditions over last 3 months compared to what was observed this time last year (REBGV President – Ashley Smith).
“This is a more comfortable market for people on both sides of the real estate transaction…Home Sales and listing activity were both at typical levels for September” – Ashley Smith.
Sales-to-Active Listings ratio for all property types for September is 17.4% which is a strong indication of a balanced market for buyers and sellers!