Live Chart Average Monthly Residential Sales transactions from the Greater Vancouver-Fraser Valley & Chilliwack Real Estate Board
Housing market off to strong start in 2024
February 14, 2024
VANCOUVER, BC – February 2, 2024 – While the Metro Vancouver market ended 2023 in balanced market territory, conditions in January began shifting back in favour of sellers as the
pace of newly listed properties did not keep up with the jump in home sales.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential sales in the region totalled 1,427 in January 2024, a 38.5 per cent increase from the 1,030 sales recorded in January 2023. This was 20.2 per cent below the 10-year seasonal average (1,788). The Board 2024 forecast is calling for a two to three per cent increase in prices by the end of the year, which is largely the result of demand, once again, butting up against too little inventory.
Source: Real Estate Board Of Greater Vancouver
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