Home sales in Vancouver during September totalled 1,926, a 13.2% increase from a year earlier, according to the Real Estate Board of Greater Vancouver.
However, despite September’s annual gain, sales during the month were 26.3% below the 10-year seasonal average of 2,614 and marked a 16.1% decline from 2,296 sales recorded in August of this year.
There were 5,446 new listings in Vancouver in September, a 28.4% increase from a year ago. The new listings were 5.2% above the 10-year seasonal average, said the real estate board.
The average home price in Metro Vancouver during September was $1.20 million, a 4.4% increase from the same month in 2022 and the highest level in Canada.
The real estate board said the increase in new listings during September is encouraging following a spring and summer that saw reluctance by homeowners to list their homes for sale amid high mortgage rates.
