Vancouver Real Estate – Monthly Market Update – Infographic – June 2023

For the second month in a row we saw an a year over year INCREASE in sales. The 852 sales that happened in Vancouver were a whopping +19.5% higher than June 2022...BUT down -13.5% from May 2022 and also -8.9% from the 10-year average.

Significantly, this is also the second month in a row that monthly sales were over the 10-year average.

Meanwhile new listings hovered right around the 10-year average yet again. There were 1710 new listings in June 2023 (+0.7% on the 10-year average) which was up 4.5% from a year ago and down -5.3% from the previous month.

That resulted in total active listings sitting at 3201. Up just 2.3% from last month and down -18.9% from a year well as -9.4% from the 10-year average.

Prices are continuing to get ratcheted upwards. The most significant increases were for detached houses with East Vancouver houses leading the way with a +3.1% in just a single month. The only housing type to see any type of decline were East Van townhouses which were down a titch...

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