VANCOUVER, BC – June 4, 2018 – Home buyer demand continues to decline across theMetro Vancouver* housing market.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.
Last month’s sales were 19.3 per cent below the 10-year May sales average.“With fewer homes selling today compared to recent years, the number of homes available for
sale is rising,” Phil Moore, REBGV president said. “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.”
For full stats package, click the link below:
https://www.rebgv.org/sites/default/files/REBGV-Stats-Pkg-May-2018.pdf
