Vancouver Home Sales Drop 43%

The biggest take away from the July real estate numbers is the 43% decline in sales volume. This comes in a full 35% below the 10 year average, which more dramatically demonstrates the current landscape. Equally as notable, new listings dropped 25% last month contributing substantially to the decrease in total inventory. That number dropped for the first time in 6 months and speaks to the market ‘freeze’ that we’re in right now. Both buyers and sellers are on t...