{"id":1716,"date":"2024-08-13T16:54:46","date_gmt":"2024-08-13T20:54:46","guid":{"rendered":"https:\/\/www.lancephillips.com\/blog\/?p=1716"},"modified":"2024-08-13T16:54:46","modified_gmt":"2024-08-13T20:54:46","slug":"rebgv-stats-july-2024","status":"publish","type":"post","link":"https:\/\/www.phillipsandprem.ca\/blog\/2024\/08\/13\/rebgv-stats-july-2024\/","title":{"rendered":"REBGV Stats &#8211; July 2024"},"content":{"rendered":"<p><strong>More selection not translating to more transactions<\/strong><\/p>\n<p>VANCOUVER, BC \u2013 August 2, 2024 \u2013 Newly listed properties registered on the Multiple Listing Service\u00ae (MLS\u00ae) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. On the demand side, the Greater Vancouver REALTORS\u00ae2 (GVR) reports that residential sales in the region totalled 2,333 in July 2024, a 5 per cent decrease from the 2,455 sales recorded in July 2023. This was 17.6 per cent below the 10-year seasonal average (2,831).<\/p>\n<p>\u201cThe trend of buyers remaining hesitant, that began a few months ago, continued in the July data despite a fresh quarter percentage point cut to the Bank of Canada\u2019s policy rate,\u201d<br \/>\nAndrew Lis, GVR\u2019s director of economics and data analytics said. \u201cWith the recent half percentage point decline in the policy rate over the past few months, and with so much inventory to choose from, it\u2019s a bit surprising transaction levels remain below historical norms as we enter the mid-point of summer.\u201d<\/p>\n<p>Full stats package below:<\/p>\n<p><a href=\"https:\/\/members.gvrealtors.ca\/news\/GVR-Stats-Package-July-2024.pdf\">https:\/\/members.gvrealtors.ca\/news\/GVR-Stats-Package-July-2024.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>More selection not translating to more transactions VANCOUVER, BC \u2013 August 2, 2024 \u2013 Newly listed properties registered on the Multiple Listing Service\u00ae (MLS\u00ae) rose nearly &hellip;<\/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-1716","post","type-post","status-publish","format-standard","hentry","category-rebgv"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"More selection not translating to more transactions VANCOUVER, BC \u2013 August 2, 2024 \u2013 Newly listed properties registered on the Multiple Listing Service\u00ae (MLS\u00ae) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. On the demand side, the Greater Vancouver\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Lance Phillips\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.phillipsandprem.ca\/blog\/2024\/08\/13\/rebgv-stats-july-2024\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Phillips &amp; Prem Real Estate Group - A Trusted Name in North Shore Real Estate\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"REBGV Stats \u2013 July 2024 - Phillips &amp; Prem Real Estate Group\" \/>\n\t\t<meta property=\"og:description\" content=\"More selection not translating to more transactions VANCOUVER, BC \u2013 August 2, 2024 \u2013 Newly listed properties registered on the Multiple Listing Service\u00ae (MLS\u00ae) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. 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