Home sales in Metro Vancouver increase and decrease in March: REBGV

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Home sales in the Greater Vancouver area were flat in early March, but have fallen in recent weeks due to fears of a COVID-19 pandemic, according to the Greater Vancouver Real Estate Board.

The council said in a report on Thursday that sales of residential homes in the region totaled 2,524 in March, an increase of 46.1% from 1,727 sales recorded in March 2019 and an increase of 17.4% from compared to the 2,150 homes sold in February. 2020.

Real estate board president Ashley Smith said the first two weeks of this month were the busiest days of the year, with increased demand and multiple offers becoming more common.

“As with other aspects of our lives, this has changed as concerns about the situation of COVID-19 in our province have increased,” said Smith in a statement on Thursday.

Daily residential sales on the region’s MLS averaged 138 in the first 10 business days of the month, but dropped to 93 sales in the past 10 days.

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