Market Insights February 2020
Market Insights February 2020
Real Estate Board of Greater Vancouver.

Highlights from our monthly housing market report for Metro Vancouver with REBGV President Ashley Smith.


February 2020 = 2,150 SALES
  • +45% one year increase (or -16% vs. 10-year average)

  • 4,002 new listings in February 2020
  • 9,195 Total Listings

Homes Sold:
Inventory of Homes for Sale

  • Sales-to-Active Listings Ratio: 23% of all Residential (we're in a Seller's Market)
  • MLS Home Price Index for all Residential = $1,020,600
  • Vs. Last Year +0.3%

  • Detached House = $1,433,900  |  6-Month Change= +1.9%
  • Townhomes = $785,000  |  6-Month Change= +1.7%
  • Condos = $677,200  |  6-Month Change= +3.6%




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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
intelligence

Metro Vancouver’s housing market has entered a new cycle marked by quieter home buyer demand and a gradual rise in the supply of homes for sale.

Phil Chang
Personal Real Estate Corporation
intelligence

While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March.

Phil Chang
Personal Real Estate Corporation
intelligence

Home listings up, sales down and prices starting to decrease to start the summer season

Phil Chang
Personal Real Estate Corporation