Vancouver home sales rose in January as demand outpaced newly listed properties

The Real Estate Board of Greater Vancouver says home sales got off to a strong start in the first month of 2024 but the pace of newly listed properties did not keep up with demand.

The board says January home sales totalled 1,427, a 38.5 per cent increase from the same month last year, though it was still 20.2 per cent below the 10-year seasonal average of 1,788 for the month.

There were 3,788 new listings of detached, attached and apartment properties last month, a 14.5 per cent increase from January 2023, but new listings were 9.1 per cent below the 10-year seasonal average.