Metro Vancouver Real Estate Market Highlights – November 2024
Sales Growth: Home sales rose 28.1% year-over-year to 2,181 units, driven by balanced market conditions.
New Listings: 3,725 properties listed, a 10.6% increase year-over-year, with active listings up 21.2% to 13,245.
Sales-to-Active Listings Ratio:
Overall: 17.1% (balanced market).
Detached: 12.7% (downward price pressure).
Attached: 23.1% and Apartments: 18.7% (near upward pressure).
Benchmark Prices:
Detached: $1,997,400 (↑ 1% YoY).
Apartments: $752,800 (↓ 1.2% YoY).
Townhouses: $1,117,600 (↑ 1.8% YoY).
Market Outlook: Stable prices currently, but continued demand could push prices upward in 2024 if listings don't keep pace.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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