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Home sales decline below long-term averages in 2019 despite increased demand to end the year
VANCOUVER, BC – January 3, 2020 – The Metro Vancouver* housing market experienced below average sales activity and moderate price declines in 2019.
Last year’s sales total was 20.3 per cent below the region’s 10-year sales average. Last year’s listings total was 7.6 per cent below the 10-year average.
“We didn’t see typical seasonal patterns in 2019. Home buyer demand was quieter in the normally busy spring season and it picked up in the second half of the year,” “In terms of home values, prices dipped between two and four per cent across the region last year depending on property type.”
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