Home sales rose over 30% in December compared to the previous year

Greater Vancouver Market Update Here

Metro Vancouver Market Update     Here

Fraser Valley Market Update              Here

Detached Annual Variances                Here

Attached Annual Variances                 Here

Get the Full Report                                   Here

With borrowing costs now on the decline, we've seen buyers returning in numbers after a brief hiatus. The recent sales figures are trending back to long-term historical averages, which indicates there may still be significant potential upside for sales as we move into 2025—especially if this recent strength continues.

Notably, December 2024 saw remarkable increases in sales across various categories: detached homes rose over 30% compared to December 2023, apartment homes increased by 23.9%, and attached homes surged by an impressive 55.9%. This positions the market for a much more active year ahead than we've experienced in recent times.

For those considering buying, now is the time to act before the Spring Frenzy kicks in! And for our sellers, it’s a great opportunity to list your property with less competition currently in the market.

If you have any questions or would like to discuss these exciting developments further, please feel free to reach out—I’m always here to help!