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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