Real Estate Board of Greater Vancouver reports sharp increase in home sales in June
In the midst of the COVID-19 pandemic, the Vancouver housing market is attracting more buyers.
This morning, the Real Estate Board of Greater Vancouver reported a 64.5 percent increase in home sales in June over the previous month.
The total of 2,443 transactions in June was 17.6 percent higher than that recorded in the same month in 2019, but 21.9 percent below the 10-year June sales average.
“Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place,” REBGV chair Colette Gerber said in a news release.
The number of listings in June was down 23.7 percent compared to June 2019.
The Real Estate Board of Greater Vancouver's territory includes the Sea-to-Sky Corridor and the Sunshine Coast, but excludes North Delta, White Rock, Surrey, and Langley.
The MLS Home Price Index composite benchmark price in June was $1,464,200 for detached homes. For apartments, it was $680,800. Each was up 3.6 percent from a year ago.
The benchmark price for apartments was down 0.8 percent since May, whereas for detached homes, it was down 0.5 percent from May.