VANCOUVER, B.C. – July 3, 2013 – The Greater Vancouver housing market continues to
maintain a relative balance between the number of homes for sale and the number of people
looking to purchase a home in the region today.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in
Greater Vancouver reached 2,642 on the Multiple Listing Service® (MLS®) in June 2013. This
represents an 11.9 per cent increase compared to the 2,362 sales recorded in June 2012, and an
8.3 per cent decline compared to the 2,882 sales in May 2013.
Last month’s sales were 22.2 per cent below the 10-year sales average for the month, while new
listings for the month were 11.5 percent below the 10-year average.
“As the term suggests, a balanced market means that many of the key housing market indicators,
such as price, are stable and conditions therefore don’t tilt in favour of buyers or sellers,” Sandra
Wyant, REBGV president said. “If you plan to enter the market today, identify your needs,
consult your REALTOR® and work to build a ‘win-win’ scenario with the people on the other
side of the sale.”
New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,874
in June. This represents a 13.2 per cent decline compared to the 5,617 new listings reported in
June 2012 and a 13.8 per cent decline from the 5,656 new listings in May of this year.
The total number of properties currently listed for sale on the MLS® in Greater Vancouver is
17,289, a 6 per cent decrease compared to June 2012 and a 0.4 per cent increase compared to
May 2013.
The sales-to-active-listings ratio currently sits at 15 per cent in Greater Vancouver. This is the
fourth straight month that this ratio has been at or above 15 per cent.