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More supply and less demand seen across Metro Vancouver housing market

VANCOUVER, BC – October 2, 2018 – The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained
below typical levels for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease from the 2,821 sales recorded in September 2017, and a 17.3 per cent decrease compared to August 2018 when 1,929 homes sold.

Last month’s sales were 36.1 per cent below the 10-year September sales average.

Click below for full stats package:

https://www.rebgv.org/sites/default/files/REBGV-Stats-Pkg-September-2018.pdf

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