Vancouver Home Sales Rise 1.2% in Early-Fall

Sales ↑ 1.2% YoY to 1,875, but ↓ 20.1% vs. 10-yr avg.
Listings ↑ 6.2% YoY; total inventory ↑ 14.4% to 17,079 homes
Benchmark price ↓ 3.2% YoY, now $1,142,100; detached and apartment prices both ↓ 4.4%
Easing prices, high inventory, and lower borrowing costs offer buyers more opportunity
Market activity expected to stabilize by year-end, barring major disruptions
Sales ↑ 1.2% YoY to 1,875, but ↓ 20.1% vs. 10-yr avg.
Listings ↑ 6.2% YoY; total inventory ↑ 14.4% to 17,079 homes
Benchmark price ↓ 3.2% YoY, now $1,142,100; detached and apartment prices both ↓ 4.4%
Easing prices, high inventory, and lower borrowing costs offer buyers more opportunity
Market activity expected to stabilize by year-end, barring major disruptions