Greater Vancouver home sales in June were up 11.9% compared with a year ago, according to figures published yesterday by the Real Estate Board of Greater Vancouver (REBGV).
According to a REBGV press release, 2,642 homes were sold last month. In June 2012, 2,362 homes were sold.
But while sales in June were up, listings were down. There were 4,874 new listings last month, more than 13% less than the 5,617 new listings of June 2012.
Both last month’s sales and listings are well below the 10-year average in June – sales are down more than 22% and listings are down more than 11%.
Overall, there are 17,289 Greater Vancouver properties listed for sale on the MLS – a 6% decrease from June 2012.
The benchmark price for all residential properties, according to the MLS Home Price Index, is $601,900.
