As we got closer to the holidays and the weather became colder, November showed an increase in housing inventory, giving home buyers across Metro Vancouver* among the largest selection to choose from since 2021. With one month left in 2023, home sales activity remained up but still modest compared to the long-term averages, and listings were down across Greater Vancouver’s housing market.
Residential Home Sales
The Real Estate Board of Greater Vancouver (REBGV)^ reports that residential sales in the region totaled 1,702 in November 2023, a 4.7% increase from the 1,625 sales recorded in November 2022. This was 33% below the 10-year seasonal average (2,538).
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https://stilhavn.com/metro-vancouver-housing-update-november-2023/
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