The Stats are in!
The October 2023 stats from the Real Estate Board of Greater Vancouver have shown the number of new listings per month has increased, 15% above Oct 2022 and 5% above the 10-year average.
Number is sales per month (1,996), was 3.7% higher than Oct 2022 but remained below historical levels for this time of year.
Both factors have contributed to a more balanced market. Increased supply and fewer sales have slowed the price growth seen earlier this year with benchmark prices staying fairly level this October.
During October 2023, Ballard360 has been working with investors, first time buyers, and those looking to downsize in addition to 5 new listings in North Van and Abbotsford.
Want to discuss real estate?
Send us a message or give us a call!
Mark – (604) 341-3147
James – (604) 360-7529
Source: the Real Estate Board of Greater Vancouver