Modest home sales boost in Greater Vancouver in May, but market still sluggish

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Home sales in Metro Vancouver showed some bounce in May, but the Greater Vancouver Real Estate Board says sales remain below historical averages.

The board says 2,638 homes changed hands in May -- the first time this year that sales jumped above 2,000 properties in a month.

The number of listed homes across Metro Vancouver also edged upward 2.3 per cent between April and May, to 14,685, marking the highest number of properties for sale in the region since September 2014. The composite benchmark price for all residential homes in Metro Vancouver is currently $1,006,400, an 8.9 per cent tumble in one year, a 3.4 per cent skid over the last six months and a 0.4 per cent slip since April.

 

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