September 2023 Market Update

The Mic for Vancouver Real Estate

Welcome back to Episode 39 of The Mic for Vancouver Real Estate! This episode zooms into the September 2023 market dynamics in Vancouver. We unravel the sales activity, price trends, inventory insights, and the sales-to-active ratio rundown. Additionally, we touch upon the continuing rise in rent prices and what it denotes for the market.
🏠 Sales have seen a mix of trends compared to last year and last month.
💲 The HPI price stands at $1,203,300, showing nuanced shifts.
📈 A noticeable inventory increase has come about, veering above the 10-year average.
💹 The sales-to-active ratio exhibits a downtick across all property types.
Join us as we dissect these numbers and discuss the possible ripple effects on both buyers and sellers. Don’t miss out on these crucial market insights. Tune in now, and make sure to hit the subscribe button for all the latest updates in Vancouver's real estate market! 🚀
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