January home sales slow as supply dwindled: Vancouver real estate board
VANCOUVER — The Real Estate Board of Greater Vancouver says January home sales slowed from a record-setting pace last year as the number of properties available dropped.
The B.C. board says home sales totalled 2,285 las month, an almost five per cent decrease from 2,389 in January 2021 and a 15 per cent fall from 2,688 in December 2021.
However, the board says sales last month were 25.3 per cent above the 10-year January average.
The board also recorded 4,170 new listings last month, down almost seven per cent from 4,480 homes last January, but more than double December 2021, when 1,945 homes were listed.