August 2018 Housing Market Stats

There has been a reduce in demand across condos, town homes, and detached homes in Metro Vancouver. Some quick stats: 
  • 1,929 sales in August, which is a 36.6% decrease from the same month in 2017
  • Sales were 25.2% below the 10-year average
  • 3,881 listings uploaded in August
  • sales-to-active listings ratio for August is 16.3%
  • prices have declined over the past two months

“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.”