The Metro Vancouver housing market saw a significant surge in sales activity in December 2024, marking a positive trend to end the year. While overall sales in 2024 remained slightly below 2023 figures, December's numbers point towards a potential upswing in 2025.Key Takeaways:
- Sales Rise: December sales jumped 31.2% compared to December 2023, indicating a return of buyer momentum.
- Inventory Up: New listings in 2024 increased by 18.7% compared to 2023, providing more options for buyers.
- Prices Steady: Home prices remained relatively flat, with a slight decrease from November 2024.
- Detached Market: Detached home sales rose 31.4% in December, with benchmark prices showing a 2% increase year-over-year.
- Attached & Apartment Market: Sales of attached homes surged 55.9% in December, while apartment sales increased by 23.9%. However, benchmark prices for apartments witnessed a slight decline.
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