Metro Vancouver home sales fell 6.1% in April to the lowest total sales for the month since 2001, the Real Estate Board of Greater Vancouver (REBGV) announced May 2.
Homeowners sold 2,627 homes on the Multiple Listing Service (MLS) in April, compared with 2,799 homes in April 2012. That’s 20.9% below the 10-year average for the month, according to the REBGV.
The benchmark price for all homes in Metro Vancouver is $597,300, which is 3.9% less than this time last year.
“While the number of home sales remains below average, properties that are priced right are selling and we’re seeing greater balance between buyer demand and the number of homes listed for sale. This is having a steadying influence on home prices in the region,” said REBGV president Sandra Wyant.
The total number of properties listed for sale on the MLS in Metro Vancouver is 16,730. That’s 1.2% less than April 2012.
