highlights • Despite slowing for the second consecutive month, MLS sales in the Vancouver Region topped 7,000 in May 2021, marking the second-highest sales count in any May on record. Last month’s sales were also 44% above the past-decade average for May. • Demand for all home types remains robust, with last month’s sales counts exceeding historical May averages by 23% for detached homes, by 60% for townhomes, and by 63% for condos. • Compared to May 2020, last month’s sales were higher by 217% across the Vancouver Region. As in April, this triple-digit increase is partly a function of a “base-year” effect, with the onset of the pandemic at the beginning of last year significantly suppressing sales counts last spring.
THE RENNIE ADVANCE
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Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 2, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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