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Update • 12 December 2024

Could November’s Real Estate Surge Signal a Hot Market Ahead?

by Gavin Lam

Metro Vancouver’s real estate market is heating up, with sales soaring 28% from last November, following a similar rise in October. The Greater Vancouver REALTORS® reported 2,181 sales last month, despite being below the 10-year average. Properties listed increased by 10.6%, suggesting a balanced market that might not last. With a sales-to-listings ratio hinting at potential price increases, now could be the time to act.

Whether you’re buying or selling, understanding these trends can give you an edge. What do you think the market will do next?

Happy to chat!

#MetroVancouverRealEstate #MarketTrends #REALTOR

 

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