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July 2020 Home Sales Trend Upward

Metro Vancouver and Fraser Valley home sales reach above the normal July average in 2020. The Real Estate Board of Greater Vancouver reported that residential home sales have shown a 22.3 percent increase from sales recorded in July 2019. They also mentioned that for all property types, the sales-to-active listings ratio for July 2020 is 24.9 percent. Many sellers have found the need to upsize during this time with more working from home. Both buyers and sellers are serious and are adjusting to the new normal of appointment based open houses and other safety protocols to ensure proper social distancing.

Image by Joachim Thiemann from Pixabay

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.