Buyers remain cautious to begin the fall market

Home sales in Metro Vancouver declined 3.8% year over year in September 2024, totaling 1,852 sales, which is 26% below the 10-year seasonal average. New listings increased by 12.8% to 6,144 properties. The total active listings rose by 31.2% to 14,932. The sales-to-active listings ratio is 12.8%, indicating potential downward pressure on prices. The benchmark price for all residential properties is $1,179,700, down 1.8% from September 2023. Detached home sales decreased by 9.8%, while attached home sales increased by 7.4%.

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