October has flown by! End of the month calls for new stats. The Real Estate Board of Greater Vancouver (REBGV) October Statistics Report on the housing market has been released. Below gives you a quick overview along with some key points of the report.
Balanced Conditions continue this month
- For this month, residential property sales reached 2,661 on the Multiple Listing Service (MLS). This results in a 37.8% increase compared to October 2012
- New listings (attached, detached, and apartment properties) totaled just over 4,300
- Currently listed properties totaled 15,257, a decline of 5.3% compared to that of September 2013
- $600,700 is the current composite benchmark price from the MLS Home Price Index, a 0.5% decline compared to October 2012
Sandra Wyant, President of REBGV said in the October Statistics Report, “We continue to see fairly typical activity when it comes to monthly home sale and listing totals. Today’s activity is helping to keep us in balanced market territory, which means that prices tend to experience minimal fluctuation.”
Check out the YouTube video of the October Statistics from REBGV.
To see the full, published report on the October Statistics click here.
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