January Market Stats - REBGV Communications


This morning Rosario Setticasl, President of The Real Estate Board of Greater Vancouver (REBGV), released a market update video discussing the housing market trends for January 2012 in comparison to 2011. Setticasl notes that although the market was more active in January 2012 than the previous month, they still saw a 4.9% decline in property sales.

Setticasl also noted this as the second lowest January for property sales in the last decade, yet performing just below the 10 year sales average for the month. In terms of the home listings, January 2012 showed a 20% increase in listings in comparison to 2011, and ranks as the highest new listing month we have seen since the late 1990’s.