BC Housing Market Update for September 2021
BC Housing Market Update for September 2021:
BC home sales have been trending down since April this year on a monthly basis. Last month's sales went down 3.6% from August. On a yearly basis, September's sales dropped 19.9% from the same month last year. Total inventory of homes for sale dropped 36.8% year-over-year in September. Regions in Fraser Valley, Vancouver Island and BC Interior are showing severe lack of listings supply.
The average MLS® residential price in BC was $913,471, this represents a 14% increase from a year ago and 1.3% increase from August 2021. The highest average MLS® residential price ever recorded in BC was $947,707 in March this year.