Vancouver home sales tick 2% lower in July, but market is turning a corner

Vancouver-area home sales fell 2% in July from last year, with 2,286 sales recorded, 13.9% below the 10-year average. Prices dropped 2.7% year-over-year to $1,165,300. Inventory rose nearly 20%, keeping prices stable despite recovering sales. Fraser Valley saw a 3% sales decline, with prices down 0.7% to $944,800. Market conditions favor buyers amid ongoing economic uncertainty and trade tensions.