May's sales were almost 20% below the 10 year May sales average. Home buyer demand continues to decline across the Metro Vancouver housing market. Although the number of homes available for sale is rising, supply is still below longterm historical averages.
“For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing,” Phil Moore, REBGV president.
Benchmark prices in May 2018 per area, by property type: