Hi everyone, it’s Maria with your monthly market pulse — here’s what’s happening in the Vancouver real estate market:
📉 Sales slowed in May — down almost 19% from last year and well below the 10-year average.
🏡 Inventory reached a 10-year high with 17,000+ listings = more choice & leverage for buyers.
💸 Prices are holding relatively steady with slight declines:
• Detached: $1.99M ↓
• Condos: $757K ↓
• Townhomes: $1.1M ↓
📊 The sales-to-active listings ratio sits at 13.4%, keeping us in balanced-to-buyer’s market territory.
🌞 A slower spring might just mean a busier summer! If you’ve been waiting to make a move, this could be your moment.
📩 Have questions about your neighbourhood or goals?
Let’s chat:
📧 maria@kritikosrealestate.com
