March 2019

Found 2 blog entries for March 2019.

Are you among the lucky few considering the purchase of a new home? Don’t worry, you’ve got time.

Homebuyers appear to be the ones with power in the current market, according to the latest figures from the Real Estate Board of Greater Vancouver.

February saw more supply from homesellers and below-average demand from homebuyers, meaning buyers are likely taking their time and considering their options.

Residential sales last month totalled 1,484, a 32.8-per-cent drop from the same month in 2018 (2,207 sales), but a 34.5-per-cent increase from January 2019 (1,103 sales). However, February remained 42.5-per-cent below the 10-year February sales average.

 

“For much of the past four years, we’ve been in a sellers’ market. Conditions have

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METRO VANCOUVER MARKET HIGHLIGHTS

Home listings increase while buyers remain in holding pattern

Home listings continue to increase across all housing categories in the Metro Vancouver* housing market while home buyer activity remains below historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold in December 2018.

Last month’s sales were 36.3 per cent below the 10-year January sales average and were the lowest January-sales total since 2009.

"REALTORS® are seeing more traffic at open houses compared to recent months, however, buyers are choosing to

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