Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase from the 26,249 sales recorded in 2023, and a 9.2 per cent decrease from the 29,261 sales in 2022.
“Disappointingly, sales came in shy of our forecasted target for the year, but the December figures signal an emerging pattern of strength in home sales, building on the momentum seen in previous months,” Lis said. “These more recent sales figures are now trending back towards long-term historical averages, which suggests there may still be quite a bit of potential upside for sales as we head into 2025, should the recent strength continue.
Greater Vancouver
Most areas in the Greater Vancouver showed a decease in inventory from Oct-December with slight upticks in pricing ( low inventory means less to choose from). The exceptions were Coquitlam Detached homes and Port Moody Condo & Townhomes
Full Report for the Greater Vancouver area
Metro Vancouver & the Fraser Valley show that prices are holding steady for the most part.
If you would like an updated market report in your area or Comparative Market Analysis of your home, I would be happy to make that happen.
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