Quote:
Originally Posted by Changing City
May REBGV sales data tweeted by Steve Saretsky.
"Greater Vancouver home sales across all property types hit a 19 year low for the month of May."
"When you break it down by property type condos definitely had a better month, albeit still quite weak. Condo sales fell 11% year-over-year, lowest total since May 2013."
"It looks like Detached house sales have bottomed. Sales moved sideways, stuck at weakest levels on record with data going back to 1992. This obviously keeps downwards pressure on prices." |
Sales have been going down quickly. Seems like they’ve now stopped which is a sign a mild recovery may be in the works.
Threaded Mode