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Although these market statistics are from last month, this information can give you some insight into the overall market health. Click the links below for more details.
Summary of REBGV Market Statistics - September 2023
In September 2023, the Metro Vancouver housing market experienced a slowdown in price gains due to a seasonal decrease in sales and a modest increase in inventory levels. Residential home sales increased by 13.2% compared to September 2022 but were 26.3% below the 10-year average. Higher mortgage rates discouraged some homeowners from listing their properties earlier in the year, resulting in low inventory and price increases during the spring and summer months. However, in September, 28.4% more homes were listed for sale than in the previous year. The total number of homes listed for sale also increased by 9.2% compared to September 2022. The market appears to be balancing out, with a sales-to-active listings ratio of 17.7%, suggesting more balanced conditions compared to the earlier months. The composite benchmark price for residential properties in Metro Vancouver is $1,203,300, showing a 4.4% increase from September 2022. Click the links below for more details.
Summary of REBGV Market Statistics - September 2023
In September 2023, the Metro Vancouver housing market experienced a slowdown in price gains due to a seasonal decrease in sales and a modest increase in inventory levels. Residential home sales increased by 13.2% compared to September 2022 but were 26.3% below the 10-year average. Higher mortgage rates discouraged some homeowners from listing their properties earlier in the year, resulting in low inventory and price increases during the spring and summer months. However, in September, 28.4% more homes were listed for sale than in the previous year. The total number of homes listed for sale also increased by 9.2% compared to September 2022. The market appears to be balancing out, with a sales-to-active listings ratio of 17.7%, suggesting more balanced conditions compared to the earlier months. The composite benchmark price for residential properties in Metro Vancouver is $1,203,300, showing a 4.4% increase from September 2022. Click the links below for more details.
REBGV Market Statistics - September 2023
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.