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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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