Thanks for checking out my monthly real estate update for South Delta and the Real Estate Board of Greater Vancouver (REBGV).
Here is a link to the complete set of charts and graphs – it may be useful to refer to them as you read through this piece!
May was a ‘busier’ month for real estate sales.
Detached sales for the REBGV were above the 1000 threshold for the first time since March 2022 (1282). However total sales were still slightly (1.4%) below the 10 year average.
Supply side remains limited
The total number of homes listed at the end of May was 20.6% below the 10 year average.
The effect on prices is understandable: the composite Home Price Index (HPI) was up 1.3% over the previous month but still 5.5% lower than May 2022.
I am here to arm you with the best information and give my professional advice so you can make the best decisions to help yourself move forward!
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