Vancouver home sales in June up almost 12 per cent from 2012

Home sales in the Vancouver area were up 11.9 per cent in June compared with a year ago, according to the latest MLS figures.

The Real Estate Board of Greater Vancouver says there were 2,642 homes sold through its Multiple Listing Service last month, up from 2,362 sales in June 2012, but down from the 2,882 sales in May 2013.

New listings in Greater Vancouver totalled 4,874 in June, down 13.2 per cent from the 5,617 new listings reported a year ago and down 13.8 per cent from the 5,656 new listings in May of this year.

The board said the June sales were 22.2 per cent below the 10-year average for the month, while new listings for the month were 11.5 per cent below the 10-year average.

The total number of properties listed for sale on the MLS system in Greater Vancouver was 17,289, down six per cent from a year ago and up 0.4 per cent compared with May 2013.

The MLS Home Price Index composite benchmark price for Greater Vancouver was $601,900, down three per cent compared with a year ago.

Source: Canadian Press

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