Ken Zhou | 604-619-7777

July 05 2018

Home seller supply grows as demand declines

With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in June 2017, and a 14.4 per cent decrease compared to May 2018 when 2,833 homes sold.

Last month’s sales were 28.7 per cent below the 10-year June sales average.

Ken Zhou
Cell:604-619-7777
Office:604-370-2023
Royal Pacific Realty Corp
550 North Tower Oakridge Centre West 41 Ave
Vancouver, BC
V5Z 2M9 CA