After four months of rebounding sales activity, Metro Vancouver’s real estate market appears to be leveling off, according to new data from the Real Estate Board of Greater Vancouver (REBGV).
The organization released its November sales data Tuesday, which showed a 55.3 percent jump in sales across the region from the same month last year. However, after four months of sales gains, the number of units sold declined by 12.6 percent from October.
—————————————————————————————–
November’s sales were four percent above the 10-year November average.
Inventory on the region’s market also continued to thin out, with the number of active listings on the MLS system down 12.5 percent year-over-year and down 12 percent from October.
The benchmark price of a detached home across the region was $1.415 million, down 5.8 percent from November 2018 but up a slim 0.3 percent from October.
For More information about today’s Market update Please contract POURIA SADEGHI @ 778-822-8888.
