Early-Q3 brought ~2.1K residential sales, and Late-Q2 momentum did not continue, leaving Metro Vancouver in the familiar holding pattern market watchers described.
Apartments led the pullback in Early-Q3, while detached and attached homes changed less, highlighting where activity softened most across Vancouver, BC recently.
New listings landed near ~5K in Early-Q3, and active inventory held near ~16.5K, keeping Metro Vancouver broadly well supplied for buyers currently.
The composite benchmark sat near $1.09M in Early-Q3, about ~1% below Late-Q2, while overall sales-to-active listings held near ~13% for Vancouver buyers.
Seller slowdown has started trimming inventory, and an economist said the second half could improve a bit, especially for Vancouver's detached market.
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