Market activity gives awaited relief for home buyers


Increased property listings and moderating prices have eased the Greater Vancouver Real Estate housing market into a buyers phase. New listings for detached, attached and apartment properties increased by 18.3 percent to 6,546 in June 2008 compared to June 2007 when 5,553 new units listed.

"Although housing prices on a year-over-year comparison, continue showing single-digit percentage increases, we are beginning to see more price reductions in properties listed in the market today" said REBGV President Dave Watt.

"Homes priced at a competitive level continue to sell quickly, but it is important for people to identify their homes value when putting it on the market."


Courtesy of the Real Estate Board of Greater Vancouver
Pouya Joudaki - Real Estate Advisor