In Late-Q2, Vancouver, BC recorded ~2.4K home sales, ↑near 10% yearly, with stronger demand across all home types than a year earlier.
Even with stronger activity, sales remained ~12% below Vancouver's 10-yr seasonal avg., showing buyers were more active while overall pace stayed historically moderate.
The composite benchmark for Vancouver residential properties was ~$1.1M in Late-Q2, ↓~6% yearly and essentially flat from Mid-Q2, signaling stable recent pricing.
New listings reached ~5.9K in Late-Q2, ↓~6% yearly but ~6% above Vancouver's 10-yr avg., giving buyers a broader selection to consider now.
Total inventory was ~17K homes in Late-Q2, ↓~3% yearly yet ~30% above Vancouver's long-term avg., while an economist saw early shift potential.