{"id":21460,"date":"2023-03-07T10:10:00","date_gmt":"2023-03-07T18:10:00","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=21460"},"modified":"2023-03-06T12:47:11","modified_gmt":"2023-03-06T20:47:11","slug":"the-number-of-homes-for-sale-moving-up-by-16-7-y-y-5-2-m-m","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2023\/03\/the-number-of-homes-for-sale-moving-up-by-16-7-y-y-5-2-m-m\/","title":{"rendered":"The Number of Homes for Sale Moving Up by 16.7% Y\/Y & 5.2% M\/M in Greater Vancouver"},"content":{"rendered":"

The Real Estate Board of Greater Vancouver says February’s home sales were up 76.9% from January, but down 47.2% from the year before.<\/p>\n

The board says sales for the month totalled 1,808, roughly 33% below the 10-year February sales average.
\nThe board says the numbers reflect a continued reluctance from prospective home sellers to list their properties, pushing sales well below historical norms.<\/p>\n

However, the number of homes for sale in the region have continued inching upwards, moving up by 16.7% from February 2022 and 5.2% from January.<\/p>\n

There were 3,467 new listings last month, a 36.6% decrease, when compared with February 2022, and a 5.2%, when compared with January.<\/p>\n

The composite benchmark price for all residential properties hit $1,123,400, a 9.3% drop from the same month last year but a 1.1%increase, when compared with January.<\/p>\n

\u201cWhile we continue to expect home price trends to show year-over-year declines for a few more months, current data and market activity suggest pricing is firming up,” said Andrew Lis, the board’s director of economics and data analytics.<\/p>\n

“In fact, some leading indicators suggest we may see modest price increases this spring, particularly if sales activity increases and mortgage rates hold steady.”<\/p>\n

This report by The Canadian Press was first published March 2, 2023.<\/p>\n

Greater Vancouver Home Sales Up 77% from Jan. Down 47% from Last Year<\/a> by The Canadian Press | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"

The Real Estate Board of Greater Vancouver says February’s home sales were up 76.9% from January, but down 47.2% from the year before. The board says sales for the month … [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-21460","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\nThe Number of Homes for Sale Moving Up by 16.7% Y\/Y & 5.2% M\/M in Greater Vancouver • 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\/2023\/03\/the-number-of-homes-for-sale-moving-up-by-16-7-y-y-5-2-m-m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Number of Homes for Sale Moving Up by 16.7% Y\/Y & 5.2% M\/M in Greater Vancouver • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The Real Estate Board of Greater Vancouver says February’s home sales were up 76.9% from January, but down 47.2% from the year before. 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