For the complete news release, including detailed statistics, click here.
BC – October 15, 2019. The British Columbia Real Estate Association
(BCREA) reports that a total of 6,938 residential unit sales were recorded by
the Multiple Listing Service® (MLS®) in September, an increase
of 24 per cent from the same month last year. The average MLS® residential
price in the province was $697,943, an increase of 2.1 per cent from September 2018.
Total sales dollar volume was $4.84 billion, a 26.5 per cent increase from the
same month last year.
“Markets across BC built on momentum from the summer,” said BCREA Chief Economist Brendon Ogmundson. “While the year-over-year increase in provincial sales was quite strong, home sales in most areas are simply returning to historically average levels.”
MLS® residential active listings in the province were up 4 per cent from September 2018 to 39,117 units and were essentially flat compared to August on a seasonally adjusted basis. Overall market conditions remained in a balanced range with a sales-to-active listings ratio of about 18 per cent.
BC residential sales dollar volume was down 12.4 per cent to $39.7 billion,
compared with the same period in 2018. Residential unit sales were 8.9 per cent
lower at 57,773 units, while the average MLS® residential price was down
3.9 per cent year-to-date at $687,530.
For more information, please contact:
Email: [email protected]
To subscribe to receive BCREA publications such as this one, or to update your email address or current subscriptions, click here.