December 2019 Real Estate Market Update
The December market trends is indicating that we are still in a buyer’s market as however for the number of sales has increased and we’re moving towards a more balanced market. Although there was increase in sales the prices continued to go down in particular areas and the purchasers took advantage of this opportunity.View Full Report
Let’s take a look at the residential activities in Greater Vancouver in December:
- 1,578 new listings were added this month, which is a 47% decrease compared to last month, and a 13% Decrease from last December.
- 2,012 properties were sold this month, which is an 19% decrease compared to November, and an 88 % increase from last year.
- The ratio in December was 23%, with no changes compared to November, and a10% increase from last year.