Unlike the spring and summer months, the data for September indicates a potential resurgence of seller participation in the market. New listing activity is showing signs of returning to historical averages, and this boost in new listings has contributed to a modest recovery in overall inventory levels from the lows observed earlier this year. When we combine this trend with the usual autumn sales slowdown due to seasonal patterns, the result is a more balanced overall market condition.
This is great news for both buyers and sellers, however with some variables still in the market, now is the time to work with trusted Realtors to help you navigate through! We’re here to help, contact us today!
WHAT WE’VE BEEN UP TO LATELY!
Do you follow us on Instagram? We love to share new listings before they hit the market, the behind-the-scenes of our life and business, and fun things happening in the community!
LOCAL EVENTS YOU WON’T WANT TO MISS
Sons of Vancouver is serving spirits from its haunted bar
The award-winning North Vancouver distillery has a morbid menu of blood-curdling cocktails …continue reading
9 can’t-miss Vancouver food events to check out in October
The season of spooky-themed pop-up bars, harvest festivals, and all things fall has finally arrived, and Vancouver is taking note …continue reading
Vancouver Halloween Events
Halloween activities in Vancouver and the Lower Mainland in October include Haunted Houses, trick-or-treating, costume parties, tours and other events …continue reading
METRO VANCOUVER MARKET HIGHLIGHTS
As inventory increases, price gains relent to begin the fall season
The month-over-month price gains seen earlier this year abated in the Metro Vancouver1 housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales2 in the region totalled 1,926 in September 2023, a 13.2 per cent increase from the 1,701 sales recorded in September 2022. This was 26.3 per cent below the 10-year seasonal average (2,614) …read the REGBV report