Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location. For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.
Because home sale activity decreased to more historically normal levels in July, the selection of homes for sale in the region was able to edge above 9,000 for the first time this year.
For more in-depth information on July's market, please click below:
Greater Vancouver: REBGV July 2017 Stats Package
Fraser Valley: FVREB July 2017 Stats Package