VANCOUVER, BC \u2013 September 5, 2018 \u2013 The Metro Vancouver housing market continues to experience reduced demand across all housing types.<\/p>\n
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales recorded in August 2017, and a 6.8 per cent decline compared to July 2018 when 2,070 homes sold.<\/p>\n
Last month\u2019s sales were 25.2 per cent below the 10-year August sales average. \u201cHome buyers have been less active in recent months and we\u2019re beginning to see prices edge down for all housing types as a result,\u201d Phil Moore, REBGV president said. \u201cBuyers today have more listings to choose from and face less competition than we\u2019ve seen in our market in recent years.\u201d<\/p>\n
There were 3,881 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in August 2018. This represents an 8.6 per cent decrease compared to the 4,245 homes listed in August 2017 and an 18.6 per cent decrease compared to July 2018 when 4,770 homes were listed.<\/p>\n
Check out the full stats package below:<\/p>\n