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.
Our rennie intelligence division empowers 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.