Conditions continue to favor home sellers across the Greater Vancouver housing market. REALTORS® listed 3,345 homes on the regions MLS® in September which is up 14.5% from September 2014 and is up 32.9% from the 10-year average for the month.
Home sales have been between 25-30% above the 10-years sales average and home listing activity has not kept up with this demand so far in 2015.
There are 10,805 homes listed for sale which is down 27% compared to last year. Active home buyers and consistently low home listing levels have contributed to home price increases in 2015.
The benchmark house price in Greater Vancouver rose to $722,300 which is up 13.7% from last year.