{"id":20893,"date":"2022-11-21T10:10:00","date_gmt":"2022-11-21T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=20893"},"modified":"2022-11-14T09:54:11","modified_gmt":"2022-11-14T17:54:11","slug":"bcrea-home-sales-activity-remains-slow-home-prices-up-10-y-y","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/11\/bcrea-home-sales-activity-remains-slow-home-prices-up-10-y-y\/","title":{"rendered":"BCREA Home Sales Activity Remains Slow, Home Prices Up 10% Y\/Y"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 November 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) in October 2022, a decrease of 45.5% from October 2021. The average MLS\u00ae residential price in BC was $932,979, a 3.1% decrease from $963,011 recorded in October 2021. Total sales dollar volume was $4.9 billion, a 47.2% decline from the same time last year.<\/p>\n<p style=\"text-align: justify;\">\u201cSales activity remains slow across the province and inventories appear to be plateauing,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cWhile prices have fallen from peak levels reached in early 2022, average prices have recently leveled off.\u201d<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume was down 26.3% from the same period in 2021 to $73.3 billion. Residential unit sales were down 33% to 72,824 units, while the average MLS\u00ae residential price was up 10% to $1.01 million.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2022-10.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the complete news release, including detailed statistics.<\/p>\n<p><a href=\"https:\/\/www.bcrea.bc.ca\/economics\/bc-home-sales-remain-slow-while-active-listings-plateau\/\" target=\"_blank\" rel=\"noopener\">BC Home Sales Remain Slow While Active Listings Plateau<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 November 14, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,242 residential unit sales were recorded by the Multiple Listing Service\u00ae (MLS\u00ae) &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/11\/bcrea-home-sales-activity-remains-slow-home-prices-up-10-y-y\/\">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-20893","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 Activity Remains Slow, Home Prices Up 10% Y\/Y &#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\/2022\/11\/bcrea-home-sales-activity-remains-slow-home-prices-up-10-y-y\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Home Sales Activity Remains Slow, Home Prices Up 10% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 November 14, 2022. 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