Vancouver sales up 26.2% last month
There was a jump in home sales in greater Vancouver in November, up 26.2% year-over-year.
Greater Vancouver Real Estate Board reported that the 2,214 sales eased 7.5% from October but were 17% above the 10-year November average.
“We’re seeing steady demand in today’s market. Home buyer activity is operating above our long-term averages, particularly in our townhome and condominium markets,” Jill Oudil, REBGV president said.
There was a 31.8% rise in detached home sales (841) year-over-year while apartment sales gained 25.7% (1,508).
Meanwhile new listings in Metro Vancouver were down 9.5% from October to 4,109 but up 30.6% from a year earlier.