{"id":1667,"date":"2024-05-06T12:29:05","date_gmt":"2024-05-06T16:29:05","guid":{"rendered":"https:\/\/www.lancephillips.com\/blog\/?p=1667"},"modified":"2024-05-06T12:29:05","modified_gmt":"2024-05-06T16:29:05","slug":"rebgv-monthly-stats-april-2024","status":"publish","type":"post","link":"https:\/\/www.phillipsandprem.ca\/blog\/2024\/05\/06\/rebgv-monthly-stats-april-2024\/","title":{"rendered":"REBGV Monthly Stats – April 2024"},"content":{"rendered":"

Inventory reaches highest level since the pandemic summer of 2020<\/p>\n

<\/strong>VANCOUVER, BC \u2013 May 2, 2024 \u2013 Actively listed homes for sale on the MLS\u00ae in Metro Vancouver1 continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.<\/p>\n

Greater Vancouver REALTORS\u00ae (GVR)2 reports that residential sales3 in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223).<\/p>\n

\u201cIt\u2019s a feat to see inventory finally climb above 12,000. Many were predicting higher inventory levels would materialize quickly when the Bank of Canada began its aggressive rate hikes, but we\u2019re only seeing a steady climb in inventory in the more recent data,\u201d Andrew Lis, GVR\u2019s director of economics and data analytics said. \u201cThe surprise for many market watchers has been the continued strength of demand along with the fact few homeowners have been forced to sell in the face of the highest borrowing costs experienced in over a decade.\u201d<\/p>\n

There were 7,092 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in April 2024. This represents a 64.7 per cent increase compared to the 4,307 properties listed in April 2023.<\/p>\n

Full stats package below:<\/p>\n

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

Inventory reaches highest level since the pandemic summer of 2020 VANCOUVER, BC \u2013 May 2, 2024 \u2013 Actively listed homes for sale on the MLS\u00ae in …<\/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-1667","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