October 2019 Market Update

 

What's happening with the Vancouver Real Estate Market?


This October we saw a huge uptick in Sales. We were up over 45% from October 2018, although prices are still down.


22% more sales compared to September 2019, just a month ago, and that was a busy month here as well.

This is the 4th consecutive month where we have seen year over year growth.


9.8% above the 10 year average in terms of sales this October.


16.5% less new listings this October.


Buyer activity is picking up, but we are not seeing more listings.


Sellers market for condos and townhomes. Balanced market for the detached market.


Benchmark price is still down over 6% from last year. Detached market is down over 7%.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.