Elevated home sale activity continues to outstrip the supply of homes for sale in…
Sales were up in all types of housing in August, according to the Real Estate Board of Greater Vancouver.
Home sales in Metro Vancouver were slightly up this summer compared with last year, according to the Real Estate Board of Greater Vancouver.
There were 2,231 residential properties sold in August, a 15.7-per-cent increase over the same month last year, the board said in a report posted Wednesday.
Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis
Sales were up across all types of homes including detached, townhouses, and apartments. The jump followed a fairly strong July as well, when 2,557 homes were sold in the region.
Last month’s sales were 9.2 per cent below the 10-year August sales average, putting sales at more normal summer levels for Metro Vancouver, said board president Ashley Smith.
There were 3,747 detached, attached and condos listed for sale on the Multiple Listing Service in Metro Vancouver last month, which the board said represents a 3.5-per-cent decrease year over year, and an 18.8-per-cent decrease compared to July when 4,613 homes were listed.