October 2013 Housing Market Update

Balanced conditions continue in the Greater Vancouver housing market

By the Real Estate Board of Greater Vancouver

Home buyer and seller activity continues to mirror historical averages in the Greater Vancouver housing market. These trends have helped keep the region in a balanced state for the last nine months.

In October 2013, there is a 37.8% increase in the number of sales compared to October 2012, and a 7.2% increase from the 2,483 sales recorded in September 2013. Last month’s sales were 2.8% above the 10-year sales average for the month.

“We continue to see fairly typical activity when it comes to monthly home sale and listing totals,” Sandra Wyant, REBGV president said. “Today’s activity is helping to keep us in balanced market territory, which means that prices tend to experience minimal fluctuation.”