VANCOUVER, BC \u2013 March 4, 2019 \u2013 The Metro Vancouver* housing market saw increased supply from home sellers and below average demand from home buyers in February.<\/p>\n
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019.<\/p>\n
Last month\u2019s sales were 42.5 per cent below the 10-year February sales average.<\/p>\n
\u201cFor much of the past four years, we\u2019ve been in a sellers\u2019 market. Conditions have shifted over the last 12 months to favour buyers, particularly in the detached home market,\u201d Phil Moore, REBGV president said. \u201cThis means that home buyers face less competition today, have more selection to choose from and more time to make their decisions.\u201d<\/p>\n
For full REBGV Stats package, click the link below:<\/p>\n