Elevated home sale activity continues to outstrip the supply of homes for sale in Metro Vancouver
The summer trend of above-average home sales and historically typical new listings activity continued in Metro Vancouver last month. Although this is keeping the overall supply of homes for sale low, we’re not seeing the same upward intensity on home prices today as we did in the spring.
The total inventory of homes for sale remains insufficient to meet the demand in today’s market. This scarcity limits peoples’ purchasing options and ultimately adds upward pressure on home prices. With the federal election now behind us, hopefully governments at all levels will work with the construction industry to streamline the creation of a more abundant and diverse supply of housing options. Until this happens, there will continue to be a lack of supply in the Metro Vancouver housing market.
Here is my September 2021 Snapstats newsletter.
Sincerely,
Jennifer
Data is at the core of my real estate practice; with a well-informed and objective approach, I help my clients form and execute sound, well-considered plans to help them achieve their goals. My business is built solely on referrals from people like you. If you know anyone who would find value in this information and my assistance, I'd be more than happy to help them.
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