Greater Vancouver Realtors says newly-listed properties across the region increased in July compared to a year ago.
The latest Greater Vancouver Realtors report shows that housing prices in Burnaby's three regions all saw drops last month.Burnaby North hit $1,018,800 while Burnaby South saw a benchmark price of $1,141,500 .
In a news release, the GVR says there were 2,333 residential sales across the Metro Vancouver region in July, marking a five per cent decrease compared to the 2,455 homes sold in July of 2023. “With the recent half percentage point decline in the policy rate over the past few months, and with so much inventory to choose from, it’s a bit surprising transaction levels remain below historical norms as we enter the mid-point of summer.”
With the overall market experiencing balanced conditions, and with a healthy level of inventory not seen in quite a few years, price trends across all segments have leveled out with very modest declines occurring month over month," Lis added.
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