REBGV market Update For January 2019 – Fewer Deals And Higher Inventory

The January 2019 stats released by the Real Estate Board of Greater Vancouver (REBGV) confirmed a continuation of the past few months, whereby home listings continued to increase and homebuyer activity continued to remain below historical averages.

Home Sales

In January, Metro Vancouver recorded 1,103 residential home sales which represented a 39.3% decrease from the 1,818 sales recorded in January 2018. Last month’s sales were 3.3% below the 10 year January sales average and were the lowest January sales since 2009.

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