Vancouver Real Estate, Market Summary - August 2022
August 2022 Key Statistics & Summary Link
AVERAGE HOME PRICE INDEX: $1,180,500
MEDIAN DAYS ON MARKET: 19
SALES-TO-ACTIVE RATIO: 20% (Balanced Market)
“With inflationary pressure and interest rates on the rise, home buyer and seller activity shifted below our long-term seasonal averages this summer. This shift in market conditions caused prices to edge down over the past four months.”