May 2022 - Vancouver Real Estate Market Update: Are We Levelling Off?

As expected with rising interest rates and with the total inventory of homes available for sale increased, we're starting to see the market cool down from the record breaking sales pace from 2021.

April 2022 home sales return to more typical volumes for the month!

Sales Volume: -24% from April 2021, - 27% from February 2022. We're +1.5% above the 10-year April sales average. 

New Listings: -23% from April 2021, -8.5% from March 2022. 

Benchmark price across all home types: $1,374,500. +26% from April 2021. 

Watch to find out more about external factors affecting Vancouver's real estate market today.

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