the rennie advance - October 2019
Oct 02, 2019
Written by
Ryan BerlinSHARE THIS
Greater Vancouver's housing market continued to strengthen in September. Year-over-year sales rose by 46%, which was the largest increase since March 2015; meanwhile, year-over-year inventory declined by 4%, which was the first contraction since March 2018. As a reflection of these changing dynamics, median prices have shown signs of stabilizing in 2019. The latest rennie advance provides a summary of sales and listings trends in the Greater Vancouver board area, compiled and released by our rennie intelligence team ahead of the Real Estate Board of Greater Vancouver Stats. Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.
Written by
Related
Coachella Valley saw both sales and inventory counts rise in October, reaching the highest levels for the month in several years. Still, inventory growth is outpacing sales, allowing the months of inventory ratio to cross into buyers’ territory for the first time this year.
Today
Report
Sales in Greater Victoria climbed more than typical in October, but weaker condo activity kept the overall tally below the 10-year monthly average and lower than last year’s level. While active listings declined, this was the most inventory at the end of October since 2014.
Today
Report