September 2018 Housing Market Stats

The month of September has an increase in the supply of homes and buyer demand is below the typical levels for this time of year. We are still in a buyers market. 

  • September was 36.1 per cent below the 10-year September sales average
  • Residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease from the September 2017
  • A 17.3 per cent decrease compared to August 2018 when 1,929 homes sold
  • MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,070,600

“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” Ashley Smith, REBGV president-elect said. “There’s more selection for home buyers to choose from today. Since spring, home listing totals have risen to levels we haven’t seen in our market in four years.”