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Vancouver Real Estate Market Update – April 2020

Sales are down 39% compared to April 2019 and 56% compared to March 2020.

New Listings are down 56% compared to April 2019 and 47% compared to March 2020.

This was to be expected. We have seen a drop in volume on both listing and sales which is a good thing. If we saw a drop or increase in listings or sales alone then we would’ve seen a great impact on prices. Considering that didn’t happen prices have not changed all that much at all, generally speaking. These numbers are for Metro Vancouver. I can’t stress enough that if you’re in the market or entering the market you need detailed information based on the area, price point and property type you’re interested in. Let me know, I’m happy to provide that information.

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