It was a steady year for home sales across the region, led by condominium and townhome activity, and a quieter year for home listings. Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period.
Market activity differed considerably this year based on property type. Competition was intense in the condominium and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions.
For more in-depth information on December's market, please click below:
Greater Vancouver: REBGV December 2017 Stats Package
Metro Vancouver: MVR December 2017 Stats Package
Metro Vancouver (簡體中文): MVR December 2017 Stats Package (簡體中文)
Fraser Valley: FVREB December 2017 Stats Package