Housing market see slight changes in October
VANCOUVER, B.C. - November 2, 2012 - The Greater Vancouver housing market saw a slight increase in the number of home sales, a slight reduction in the number of listings, and a slight decrease in home prices in October compared to the summer months. With those changes, the sales-to-active-listings ratio increased to 11 per cent in October from 8 per cent in September.
The Real Estate Board of Greater Vancouver (REBGV) reports 1,931 residential property sales of detached, attached and apartment properties on the region's Multiple Listing Service (MLS) in October, a 16.7 per cent decline compared to the 2,317 sales in October 2011 and a 27.4 per cent increase compared to the 1,516 home sales in September 2012.
Click here for complete report: October 2012 REBGV Stats Package