the rennie advance - April 2019

Buyers largely remained on the sidelines last month, with March 2019 sales at their lowest level for the month in over three decades. Overall inventory is now at its long-run March average as it normalizes from its historical lows of the past few years. As a result of the continued changes to the supply-and-demand landscape, overall median sales prices have sagged by 4% compared to one year ago.

See the latest rennie advance, a summary of sales and listings trends in the Greater Vancouver board area, compiled and released by rennie intelligence ahead of the Real Estate Board of Greater Vancouver Stats.

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intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of Vancouver region covered in the monthly rennie review.

Ester Hsieh
Personal Real Estate Corporation
intelligence

The addition of new housing along Metro Vancouver’s public transit network, and specifically along the SkyTrain rapid transit network, will be important in accommodating more than one million new residents over the coming three decades.

Ester Hsieh
Personal Real Estate Corporation
intelligence

A brief monthly summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

Ester Hsieh
Personal Real Estate Corporation