Sales Continue Normalizing Trend in November.
Vancouver, BC – December 12, 2024.
The British Columbia Real Estate Association (BCREA) reports that 5,841 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in November 2024, up 25.7 per cent from November 2023. The average MLS® residential price in BC in November 2024 was up 1.7 per cent at $979,221 compared to an average price of $963,143 in November 2023.
The total sales dollar volume was $5.7 billion, a 27.8 per cent increase from the same time the previous year. BC MLS® unit sales were 12 per cent lower than the ten-year average for November.
“Home sales across the province continued the normalizing trend that began in October,” said BCREA Chief Economist Brendon Ogmundson. “The surge in activity this fall sets up 2025 for a much stronger start than we’ve seen in the last two years.”
Year-to-date, BC residential sales dollar volume is up 1.6 per cent to $68.6 billion, compared with the same period in 2023. Residential unit sales are up 0.8 per cent year-over-year at 69,983 units, while the average MLS® residential price is also up 0.8 per cent to $980,055.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.