July MLS sales in the Vancouver Region fell to their second-lowest total for the month in over two decades, extending a downturn that has now produced the fewest sales through the first seven months of any year in available data back to 2005. New listings continued to trail last year's pace for a seventh straight month, and inventory dipped below year-ago levels for the fifth month running. Median sold prices were down across nearly every segment, both month-over-month and year-over-year.
The vancouver rennie advance is a summary of the latest sales, listings, and price trends in the Vancouver Region. It is produced at the beginning of each month and it reflects the latest market data.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
