Greater Vancouver home sales down nearly 5% in March as prices rise: board

VANCOUVER — Greater Vancouver’s real estate board says the number of homes that changed hands in March fell from the previous year, as total sales were nearly one-third lower than the 10-year average.

Greater Vancouver Realtors says there were 2,415 home sales in the region last month, a 4.7 per cent decrease from the 2,535 sales recorded in March 2023.

That came as the total number of Metro Vancouver homes listed for sale rose 22.5 per cent year-over-year to 10,552, which is 6.3 per cent above the 10-year seasonal average.

In March, there were 5,002 detached, attached and apartment properties newly available — a 15.9 per cent increase compared with the 4,317 properties listed in March 2023.