It wouldn’t be difficult to tell what time of year it is just by looking at Greater Vancouver's home sales data, because, like clockwork, market activity is picking up once more. REBGV | realestate realestatenews homesales
It wouldn’t be difficult to tell what time of year it is just by looking at home sales data, because, like clockwork, market activity is picking up once more, according toIn April, the Greater Vancouver region registered 2,721 residential home sales, an 8.4% improvement from the 2,511 recorded in March.
With those new listings, the total inventory of active listings in the region is now up to 8,333. This time last year, the total was 9,176, and the 10-year average is 11,117.“The fact we are seeing prices rising and sales rebounding this spring tells us home buyers are returning with confidence after a challenging year for our market, with mortgage rates roughly doubling,” said REBGV Director of Economics and Data Analytics Andrew Lis.
After 2,721 sales and 4,307 new listings in April, the sales-to-new-listings ratio is now 63.2%, up from 58.2% after March, indicating that there is movement towards favouring sellers.
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