Vancouver Housing Market Stats July. 2021
Vancouver Housing Market Stats July. 2021: housing market in Vancouver; home price remains the same but fewer listings
Metro Vancouver’s* housing market saw more moderate sales, listings, and pricing trends in July compared to the heightened activity experienced throughout much of the pandemic.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,326 in July 2021, a 6.3 percent increase from the 3,128 sales recorded in July 2020, and an 11.6 percent decrease from the 3,762 homes sold in June 2021.
Sales are 27.7% above the 10-years sales rate
Let’s take a look at the sales-to-active listings ratio:
- 25.5% for detached homes
- 47.8% for townhomes
- 37.3% for apartments
“Low housing supply remains a fundamental factor in Metro Vancouver’s housing market,” Stewart said. “Home sales remain above average and we’re starting to see price increases relent as well. Going forward, the supply of homes for sale will be among the most critical factors to watch. This will determine the next direction for house price trends.”