Spring months bring balance to Greater Vancouver housing market
VANCOUVER, B.C. – June 4, 2013 – While the number of home sales in Greater Vancouver continued to trend below the 10-year average in May, the balance of sales and listings meant continued market stability this spring.
“We’ve seen some steadying trends over the last three months,” Sandra Wyant, REBGV president said. “The number of homes listed for sale has been keeping pace with the number of property sales, leading to a balanced sales-to listings ratio. This is having a stabilizing influence on home price activity.”