The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings, and continued upward trends in pricing in February.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,424 in February 2022, an 8.1 percent decrease from the 3,727 sales recorded in February 2021, and a 49.8 percent increase from the 2,285 homes sold in January 2022.
Last month’s sales were 26.9 percent above the 10-year February sales average.
“As we prepare to enter what’s traditionally the busiest season of the year, the Metro Vancouver housing market is seeing more historically typical home sale activity and a modest uptick in home listing activity compared to last year.”Taylor Biggar, Chair, Real Estate Board of Greater Vancouver
There were 5,471 detached, attached, and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2022. This represents an 8.4 percent increase compared to the 5,048 homes listed in February 2021 and a 31.2 percent increase compared to January 2022 when 4,170 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 6,742, a 19.3 percent decrease compared to February 2021 (8,358) and a 19.1 percent increase compared to January 2022 (5,663).