January Housing Market Stats

Some noteworthy details are:
  • 19.4% increase from the 1,523 sales recorded in January 2017
  • 9.8% decrease from December 2017 (2,016 homes sold)
  • “Demand remains elevated and listings scarce in the attached and apartment markets across Metro Vancouver. Buyers in the detached market are facing less competition and have much more selection to choose. For detached home sellers to be successful, it’s important to set prices that reflect today’s market trends.” - Jill Oudil, REBGV president said.
  • The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,947, a four per cent decrease compared to January 2017 (7,238) and a 0.2 per cent decrease compared to December 2017 (6,958).