{"id":15872,"date":"2020-06-15T10:10:00","date_gmt":"2020-06-15T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=15872"},"modified":"2020-06-15T09:13:43","modified_gmt":"2020-06-15T16:13:43","slug":"bcrea-housing-market-activity-shows-encouraging-signs-of-recovery","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/06\/bcrea-housing-market-activity-shows-encouraging-signs-of-recovery\/","title":{"rendered":"BCREA Housing Market Activity Shows Encouraging Signs of Recovery"},"content":{"rendered":"

Vancouver, BC \u2013 June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in May 2020, a decline of 45.2% from May 2019. The average MLS\u00ae residential price in BC was $728,898, a 3.2% increase from $706,394 recorded the previous year. Total sales dollar volume in May was $3.3 billion, a 43.5% decrease over 2019.<\/p>\n

\u00a0\u00a0 \"\"<\/a><\/p>\n

\u201cThere were encouraging signs of recovery in May,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cWhile activity is still far below normal, both sales and listings are up significantly from April\u2019s lows.\u201d<\/p>\n

New listings activity started to normalize around the first week of May, reversing a slide in total active listings. However, active listings are still down close to 24% year-over-year and are more than 10,000 listings below where they would normally be in the spring months.<\/p>\n

Year-to-date, BC residential sales dollar volume was down 6% to $18.6 billion, compared with the same period in 2019. Residential unit sales were down 14.2% to 24,695 units, while the average MLS\u00ae residential price was up 9.6% to $753,155.
\n\"\"<\/a>
\nClick here<\/a> for the complete news release, including detailed statistics.<\/p>\n

Housing Market Activity Shows Signs of Recovery in May<\/a> by Brendon Ogmundson | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"

Vancouver, BC \u2013 June 15, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) … [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-15872","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\nBCREA Housing Market Activity Shows Encouraging Signs of Recovery • 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\/2020\/06\/bcrea-housing-market-activity-shows-encouraging-signs-of-recovery\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Housing Market Activity Shows Encouraging Signs of Recovery • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 June 15, 2020. 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