June 2018 Real Estate Market Update
The June market trends is indicating that we are shifting in to a more balanced and buyer’s market as the supply has increased.
Being in balance or buyer’s market create a great opportunity for people who are interested interested to negotiate a better price and provides more options to buyers.View Full Report
Let’s take a look at the overall residential activities in Greater Vancouver in May 2018:
- 5,253 new listings were added this month, which is a 17% decrease compared to last month, and an 8% decrease from last June.
- 2,422 properties were sold this month, which is a 14% decrease compared to May, and a 38% decrease from last year.
- The ratio in May was 20%, a 5% decrease compared to May, and a 25% decrease from last year.