Sept 2024 Market Update: Cautious Buyers Enter a Cool Fall Market

In this episode, we break down the latest numbers in Metro Vancouver’s real estate market for September 2024. Despite recent reductions in mortgage rates, home sales have declined by 3.8% year-over-year, with sales volumes still tracking well below the 10-year average. Listings, on the other hand, have surged, showing a 31.2% increase in total inventory compared to last year, offering buyers more choices. We also explore how continued rate adjustments might impact demand later this fall. Don't miss this in-depth look at Vancouver’s shifting housing landscape!