August 2019 Real Estate Market Update
The August market trends is indicating that we are still in a buyer’s market as however for the first time since last year there was increase in sales. Although there was increase in sales the prices continued to go down and the purchasers took advantage of this opportunity.View Full Report
Let’s take a look at the residential activities in Greater Vancouver in August:
- 3,740 new listings were added this month, which is a 19% decrease compared to last month, and an 3% Decrease from last August.
- 2,229 properties were sold this month, which is an 13% decrease compared to July, and a 16 % increase from last year.
- The ratio in August was 17%, with no changes compared to July, and 1% increase from last year.