March 2015 Housing Market Update

Demand continued to rise across Metro Vancouver’s housing market in March

The Real Estate Board of Greater Vancouver (REBGV)

Residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7% increase compared to the sales recorded in March 2014, and a 32.6%increase compared to the sales in February 2015.

“We’re seeing strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices,” Darcy McLeod, REBGV president said. “For sellers, this means that it’s taking less time, on average, for your home to sell if you have it priced correctly for today’s market.”

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