What happened in May 2023 in the Greater Vancouver Housing Market?

Sales are up 15.7% from May 2022

New listings down 11.5% compared to May 2022

Total listings on the market down 10.5% compared to May 2022

Sales 1.4% below the 10 year seasonal average

Detached Market

• Benchmark price down 6.7%
• 28.5% sales to active ratio

Townhome Market

• Benchmark price down 4.7%
• 45% sales to active ratio

Condo Market

• Benchmark price down 2%
• 45.5% sales to active ratio