{"id":1657,"date":"2024-04-04T16:40:03","date_gmt":"2024-04-04T20:40:03","guid":{"rendered":"https:\/\/www.lancephillips.com\/blog\/?p=1657"},"modified":"2024-04-04T16:40:03","modified_gmt":"2024-04-04T20:40:03","slug":"rebgv-monthly-stats-march-2024","status":"publish","type":"post","link":"https:\/\/www.phillipsandprem.ca\/blog\/2024\/04\/04\/rebgv-monthly-stats-march-2024\/","title":{"rendered":"REBGV Monthly Stats – March 2024"},"content":{"rendered":"

Increased seller activity is giving buyers more choice this spring<\/strong><\/p>\n

VANCOUVER, BC \u2013 April 3, 2024 \u2013 The number of Metro Vancouver1 homes listed for sale on the MLS\u00ae rose nearly 23 per cent year-over-year, providing more opportunity for buyers looking for a home this spring.<\/p>\n

The Greater Vancouver REALTORS\u00ae (GVR)2 reports that residential sales3 in the region totalled 2,415 in March 2024, a 4.7 per cent decrease from the 2,535 sales recorded in March
\n2023. This was 31.2 per cent below the 10-year seasonal average (3,512). \u201cIf you\u2019re finding the weather a little chillier than last spring, you may find some comfort in knowing that the market isn\u2019t quite as hot as it was last spring either, particularly if you\u2019re a buyer,\u201d Andrew Lis, GVR\u2019s director of economics and data analytics said. \u201cDespite the welcome increase in inventory, the overall market balance continues inching deeper into sellers\u2019 market territory, which suggests demand remains strong for well-priced and welllocated properties.\u201d<\/p>\n

There were 5,002 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in March 2024. This represents a 15.9 per cent increase compared to the 4,317 properties listed in March 2023. This was 9.5 per cent below the 10-year seasonal average (5,524).<\/p>\n

Read full stats package below:<\/p>\n

https:\/\/members.gvrealtors.ca\/news\/GVR-Stats-Package-March-2024.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Increased seller activity is giving buyers more choice this spring VANCOUVER, BC \u2013 April 3, 2024 \u2013 The number of Metro Vancouver1 homes listed for sale …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1657","post","type-post","status-publish","format-standard","hentry","category-rebgv"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t