{"id":25095,"date":"2024-12-16T10:10:51","date_gmt":"2024-12-16T18:10:51","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=25095"},"modified":"2024-12-15T14:51:11","modified_gmt":"2024-12-15T22:51:11","slug":"bcrea-housing-market-continued-the-normalizing-trend-home-sales-up-25-7-average-price-up-1-7-y-y","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2024\/12\/bcrea-housing-market-continued-the-normalizing-trend-home-sales-up-25-7-average-price-up-1-7-y-y\/","title":{"rendered":"BCREA Housing Market Continued The Normalizing Trend : Home Sales Up 25.7% &#038; Average Price Up 1.7% Y\/Y"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver, BC \u2013 December 12, 2024. The British Columbia Real Estate Association (BCREA) reports that 5,841 residential unit sales were recorded in Multiple Listing Service\u00ae (MLS\u00ae) Systems in November 2024, up 25.7% from November 2023. The average MLS\u00ae residential price in BC in November 2024 was up 1.7% at $979,221 compared to an average price of $963,143 in November 2023.<\/p>\n<p style=\"text-align: justify;\">The total sales dollar volume was $5.7 billion, a 27.8% increase from the same time the previous year. BC MLS\u00ae unit sales were 12% lower than the ten-year average for November.<\/p>\n<p style=\"text-align: justify;\">\u201cHome sales across the province continued the normalizing trend that began in October,\u201d said BCREA Chief Economist Brendon Ogmundson. \u201cThe surge in activity this fall sets up 2025 for a much stronger start than we\u2019ve seen in the last two years.\u201d<\/p>\n<p style=\"text-align: justify;\">Year-to-date, BC residential sales dollar volume is up 1.6% to $68.6 billion, compared with the same period in 2023. Residential unit sales are up 0.8% year-over-year at 69,983 units, while the average MLS\u00ae residential price is also up 0.8% to $980,055.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bcrea.bc.ca\/wp-content\/uploads\/2024-11.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\/sales-continue-normalizing-trend-in-november\/\" target=\"_blank\" rel=\"noopener\">Sales Continue Normalizing Trend in November<\/a> by Brendon Ogmundson | Chief Economist | BCREA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver, BC \u2013 December 12, 2024. The British Columbia Real Estate Association (BCREA) reports that 5,841 residential unit sales were recorded in Multiple Listing Service\u00ae (MLS\u00ae) Systems in November 2024, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2024\/12\/bcrea-housing-market-continued-the-normalizing-trend-home-sales-up-25-7-average-price-up-1-7-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":[8,13],"tags":[],"class_list":["post-25095","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCREA Housing Market Continued The Normalizing Trend : Home Sales Up 25.7% &amp; Average Price Up 1.7% 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\/2024\/12\/bcrea-housing-market-continued-the-normalizing-trend-home-sales-up-25-7-average-price-up-1-7-y-y\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BCREA Housing Market Continued The Normalizing Trend : Home Sales Up 25.7% &amp; Average Price Up 1.7% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver, BC \u2013 December 12, 2024. 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