VANCOUVER BOARD: Sales and supply are both below the 10yr average, however, sales are up 40% while inventory is down 20% year over year.

FRASER VALLEY BOARD: Sales are 6% over the 10 yr average while inventory is 11% below. Year over year sales are up 20%, while inventory down 14%.

FULL REPORTS HERE

SUMMARY

METRO VANCOUVER - Volume sales are up 45.4% year over year, while new inventory is down 16% for a total inventory is down 5.8% at 12,236 units. Balanced for detached, early sellers market for attached. Prices are down 6-8% across the city year over year.

FRASER VALLEY - Volume sales are up about 40% year over year, with new inventory down about 14%, and total inventory down 4.5% at 7,398 units. Sales-to-active-listings ratio is about 22% across all property types, balanced, with prices down 3.5%-6.5% on average, year over year.

FULL REPORTS HERE

Vancouver and Fraser Valley Real Estate Board Reports for September 2019

HOME SALES INCREASE IN JULY

Housing supply up, home sales and prices down in June.

Both buyers and sellers taking a wait-and-see approach in the Fraser Valley

"MAY SEES MODEST INCREASE IN HOME SALES WHILE HOUSING SUPPLY REACHES FIVE-YEAR HIGH."

Slight uptick in Fraser Valley property sales in May attributable to single family detached

May sees modest increase in home sales while housing supply reaches five-year high.

Slower than normal market still attracting buyers in the Fraser Valley

Reduced demand and increased supply remain the trend across Metro Vancouver’s housing market