Greater Vancouver home sales down 19.1% in June as inventory continues to build, real estate board says

Greater Vancouver’s real estate board says the number of homes sold in June tumbled 19.1 per cent from the previous year as inventory continued accumulating to levels not seen since the spring of 2019.

Greater Vancouver Realtors said there were 2,418 home sales in the region last month, 23.6 per cent below the 10-year seasonal average for June and down from 2,988 sales recorded in June, 2023.

That came as the number of Metro Vancouver homes listed for sale soared 42 per cent year-over-year to 14,182, which is around one-fifth higher than the 10-year seasonal average.