REBGV May 2015 Market Update

The Greater Vancouver sales report for May 2015 shows that there were 4,056 sales in May which is up 23.4% from last year and 16.7% abover the 10 year average for May. May 2015 represents the third consecutive month that sales have surpassed the 4,000 homes sold mark, this is the second time in the boards history that this has happened.


There were 5,641 homes for sale in May 2015 which is down 5.0% from last year and down 7.8% compared to the 10 year average. The number of total homes for sale currently hovers around the 12,000 mark which is down 23% from last year May 2014.


The Greater Vancouver overall benchmark house price is currently $684,400 which is up 9.4% from last year.

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