{"id":14441,"date":"2019-12-20T10:10:00","date_gmt":"2019-12-20T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=14441"},"modified":"2019-12-12T09:50:55","modified_gmt":"2019-12-12T17:50:55","slug":"bcrea-home-sales-firming-across-the-province","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/12\/bcrea-home-sales-firming-across-the-province\/","title":{"rendered":"BCREA Home Sales Firming Across the Province"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 December 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,616 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in November, an increase of 27.5% from the same month last year. The average MLS\u00ae residential price in the province was $746,939, an increase of 5.5% from November 2018. Total sales dollar volume was $4.94 billion, a 34.4% increase from the same month last year.<\/p>\n<p style=\"text-align: justify;\">&#8220;After several months of strong gains, home sales are now firming around long-run averages,&#8221; said BCREA Chief Economist Brendon Ogmundson. &#8220;We expect 2020 will be a much more typical year for markets compared to the volatility of recent years.&#8221;<\/p>\n<p style=\"text-align: justify;\">MLS\u00ae residential active listings in the province were down 6.6% from November 2018 to 31,310 units, and down for a seventh straight month on a seasonally adjusted basis. Overall market conditions remain balanced with a sales-to-active listings ratio of 21%.<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume was down 6% to $50.23 billion, compared with the same period in 2018. Residential unit sales were 3.9% lower at 72,106 units, while the average MLS\u00ae residential price was down 2.2% year-to date at $696,574.<\/p>\n<p>\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=14442\" rel=\"attachment wp-att-14442\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-14442\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/12\/BCREA-288x216.jpg\" alt=\"\" width=\"599\" height=\"449\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/12\/BCREA-288x216.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/12\/BCREA.jpg 598w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2019-11.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 December 12, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 6,616 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/12\/bcrea-home-sales-firming-across-the-province\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-14441","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Home Sales Firming Across the Province &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/12\/bcrea-home-sales-firming-across-the-province\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Home Sales Firming Across the Province &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 December 12, 2019. 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