July 2018 Real Estate Market Update
The July 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:
- 4756 new listings were added this month, which is a 9% decrease compared to last month, and an 9% decrease from last July.
- 2,065 properties were sold this month, which is a 15% decrease compared to June, and a 30% decrease from last year.
- The ratio in May was 17%, a 3% decrease compared to June, and a 15% decrease from last year.