August 2018 Real Estate Market Update
The August 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 residential activities in Greater Vancouver in August 2018:
- 3,869 new listings were added this month, which is a 19% decrease compared to last month, and an 9% decrease from last August.
- 1,919 properties were sold this month, which is a 7% decrease compared to July, and a 37% decrease from last year.
- The ratio in August was 16%, a 1% decrease compared to July, and an 18% decrease from last year.