The Metro Vancouver housing market appears to be getting back on track after a sustained slowdown in sales.
The Real Estate Board of Greater Vancouver has reported that the number of transactions in September was 46.3 percent above the same month last year.
The 2,333 sales also exceeded the number sold in the previous month by 4.6 percent.
“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” REBGV president Ashley Smith said in a news release. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”
September sales were just 1.7 percent below the 10-year average for this month.
The MLS benchmark price for all residential properties last month was $990,600, which is 7.3 percent below the benchmark in September 2018.
The Real Estate Board of Greater Vancouver includes Whistler, Squamish, and the Sunshine Coast.
It does not include Surrey, Langley, North Delta, or White Rock, which are all in the territory of the Fraser Valley Real Estate Board.