In May 2024, Metro Vancouver saw a surge in new property listings, with a total of 6,374 detached, attached, and apartment properties listed on the MLS®. This marked a significant 12.6 % increase from the previous year’s 5,661 listings. Despite this surge, sales for the month of May saw a 19.9 per cent decrease from the 3,411 sales recorded in May 2023.
“The surprise in the May data is that sales have come in softer than what we’d typically expect to see at this point in the year, while the number of newly listed homes for sale is carrying some of the momentum seen in the April data.”
Andrew Lis, REBGV director of economics and data analytics
There were 6,374 detached, attached and apartment properties newly listed for sale on the MLS® in Metro Vancouver in May 2024. This represents a 12.6 per cent increase compared to the 5,661 properties listed in May 2023 and a seven per cent increase compared to the 10-year seasonal average (5,958).