Published by Macdonald Realty.
With the 2nd lowest sales in a decade, the Vancouver RE market is taking a long-overdue summer break this year.
YTD sales are still above the 10-year average, but will likely dip below by months’ end.
The most reliable indicator of market prices is the Sales to Active Listings Ratio (SAL). This is the ratio between the number of sales in a given month and the number of active listings at month-end.