Home buyer activity increases in October<\/p>\n
VANCOUVER, BC \u2013 November 4, 2019 \u2013 The Metro Vancouver* housing market is experiencing a fall pickup in home sale activity.<\/p>\n
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in September 2019.<\/p>\n
Last month\u2019s sales were 9.8 per cent above the 10-year October sales average.<\/p>\n
\u201cHome buyers have more confidence today than we saw in the first half of the year,\u201d says Ashley Smith, REBGV president. \u201cWith prices edging down over the last year and interest rates remaining low, hopeful home buyers are becoming more active this fall.\u201d There were 4,074 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in October 2019. This represents a 16.4 per cent decrease compared to the 4,873 homes listed in October 2018 and a 16.3 per cent decrease compared to September 2019 when 4,866 homes were listed.<\/p>\n
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