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