Home sales in the Vancouver metro area decreased in April: directory – BC

The Greater Vancouver Real Estate Board says home sales in the region fell in April and returned to more historically typical levels for the month.

The board says residential home sales in the region totaled 3,232 in April, up from 4,908 in April 2021 and 4,344 homes in March 2022.

April sales were 1.5 percent above the 10-year sales average for the month.

REBGV President Daniel John says the return to a more traditional pace of home sales in the past two months gives hopeful homebuyers more time to make decisions, secure financing and conduct other due diligence, such as inspections. household.

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The board says there were 6,107 newly listed detached, attached and apartment properties for sale on the Multiple Listing Service in Metro Vancouver in April, down 23.1 percent compared to April 2021 and up 8.5 percent less compared to March 2022.

The sales came as the MLS Home Price Index composite benchmark price for all residential properties in Metro Vancouver was $1,374,500, up 18.9 percent from April 2021 and an increase of one percent in compared to March this year.

© 2022 The Canadian Press

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