Home sales in Metro Vancouver declined 3.8% year-over-year in September 2024, with limited impact from lower borrowing costs.
Residential sales totaled 1,852 in September, 26% below the 10-year seasonal average, while new listings increased by 12.8%.
The total number of properties for sale rose by 31.2%, pushing the market towards a buyer’s market.
The sales-to-active listings ratio was 12.8%, indicating downward pressure on home prices as sales lag behind inventory.
Prices have shown modest declines across all segments; the MLS® composite benchmark price for all residential properties is $1,179,700, down 1.8% year-over-year.
Detached and apartment home sales dropped by 9.8% and 4.9%, respectively, while attached home sales increased by 7.4%.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.