New Listings Outpace Sales for Vancouver’s April Real Estate Market
May 9th, 2008 Categories: Real Estate News, Vancouver Real Estate
The Real Estate Board of Greater Vancouver reports that residential attached, detached and apartment property sales in the Greater Vancouver area totalled 3,218 in April 2008, a decline of 5% from April 2007, and a decline of 3.8% compared to April 2006.
New listings detached, attached and apartment properties in the Greater Vancouver area climbed 25.6% over a year ago, to 7010. Sales continue to be strong, but there is a lot more choice on the market today. This is good news for a market that has been defined by record breaking activity for most of this decade.
Despite this seeming re-balance between sales and listings, it took, on average, 6 fewer days to sell a home in Greater Vancouver compared to the previous year, with a days on market average of 33 in April this year. Read the rest of this entry »
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