While home sales are not expected to repeat this year’s record performance, consumer demand is expected to remain well above the ten-year average [next year].
The market speed for Metro Vancouver 26% which officially makes it a seller’s market.
Reasons why:
SALES– Total sales last month were 1,189, which is 39% less year over year & 5% greater month over month.
SALES PRICE– The median sale price was $1.23 million which is a 15% increase over this time last year and a 1% increase over the previous month.
FIND OUT YOUR MARKET SPEED– Learn the official market speed in your neighbourhood and price point by requesting a free Fraser Valley snap stats report from us!
ACTIVE LISTINGS– There were 4,630 active listings last month which is a 15% increase over this time last year and an 9% decrease month over month.
DAYS ON THE MARKET>- A property was on the market for 21 days before selling which is 5% more than one year ago and 11% more than the previous month.
