Vancouver Real Estate Market Update For February 2024

In January, the real estate market exhibited notable trends, providing insights into the trajectory of 2024. Total sales reached 1,427, marking a 39% increase from January 2023 and a 7% rise from December. However, this figure fell 20% below the 10-year seasonal average, signaling a slow start akin to the latter half of 2023.New listings surged to 3,788, reflecting a 14.5% rise compared to January 2023 but remained 9% below the 10-year seasonal average. Meanwhile, inventory experienced a hist...