May 2020 - Metro Vancouver home prices are stable and sales are up!

Buyers and sellers have become more active through the month of May after a quiet April 2020.

The Real Estate Board of Greater Vancouver (REBGV) reports that the MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver today is $1,028,400. This is virtually unchanged from April 2020, a 1.4 per cent increase over the last three months, and a 2.9 per cent increase compared to May 2019. 

Residential home sales in the region totaled 1,485 in May 2020, and a 33.9 per cent increase from the 1,109 homes sold in April 2020.

 





Oh by the way......whenever you come across a friend or family member who is thinking about Buying or Selling a Home, and they would appreciate the kind of service I offer, then I'd love to help them.   Referrals are always rewarded!


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