Vancouver Real Estate – Monthly Market Update – Infographic – May 2022
May 2022 saw Vancouver's real estate market continue to back off the torrid pace of the last two years. Rising interest rates are having their effect on market sentiment, and buyer's are taking their time to digest the shifting landscape.

The last month saw Sales dip to 899 (-7.42% month-to-month and -25.64% year-over-year). While this is also down -15.6% from the 10-year-average, it puts us back to what would be considered more typical sales levels for this time of year.

While New Listings bumped up to 1,958 (+0.8% month-to-month) it did not result in a flood of new listings on the market. In fact, Total Active Listings (supply) reached 3,593 which was only slightly higher than the 10-year-average of 3,588.

The result is that prices are no longer getting pushed upwards. Buyers are able to take their time in purchasing. Making informed decisions based on reasonable due diligence. Meanwhile, sellers are having to be extremely careful about how they position themselves to make a successful sale....
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