May 2019 Real Estate Market Update

May 2019 Real Estate Market Update
The May market trends is indicating that we are in a buyer’s market as the supply is continuing to increased. Being in 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 ReportLet’s take a look at the residential activities in Greater Vancouver in May:
- 5,846 new listings were added this month, which is a 2% increase compared to last month, and an 8% Decrease from last May.
- 2,631 properties were sold this month, which is an 43% Increase compared to April, and a 7 % decrease from last year.
- The ratio in May was 18%, which is a 5% increase compared to April, and a 7% decrease from last year.