Vancouver region closes out 2023 with higher home sales, average price of $1.17M
BNN Bloomberg
The Real Estate Board of Greater Vancouver says December home sales rose compared with a year earlier as the region closed out 2023 with balanced market conditions despite high borrowing costs.
The board said in a report released Wednesday that 1,345 homes changed hands in December, a 3.2 per cent increase from the same month in 2022, but 36.4 per cent below the 10-year seasonal average.
There were 1,327 new listings of detached, attached and apartment properties last month, a 9.9 per cent increase from a year earlier. New listings were 22.7 per cent below the 10-year seasonal average.
The composite benchmark home price in December for Metro Vancouver was $1,168,700, a five per cent increase from December 2022, but down 1.4 per cent from November 2023.
