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MAY 2024 - MARKET SNAPSHOT - DETACHED HOMES

MAY 2024 - MARKET SNAPSHOT - DETACHED HOMES


NORTH VANCOUVER

North Vancouver detached homes are seeing increased listings in May 2024, up 39% compared to last May, with prices increasing steadily, up 6% compared to the same period. Sales volumes are slightly down this month compared to last year, but sold homes are moving quickly.


BURNABY

Burnaby detached homes are seeing increased listings in May 2024, up 35% compared to last May, with prices increasing steadily, up 7% compared to the same period. Sales volumes are down -29% this month compared to last year, but sold homes are moving quickly.


COQUITLAM

Coquitlam detached homes are seeing increased listings in May 2024, up 62% compared to last May, with prices holding, up 1% compared to the same period. Sales volumes are down -15% this month compared to last year, but sold homes are moving quickly.


PORT MOODY

It’s a Buyer’s Market in Port Moody for detached homes. Listings are up in May 2024 by 51% compared to last May, and prices have started to soften, down -1% year/year and -16% compared to last month. Sales volumes are identical to last May, but homes are sitting longer, spending a median of 27 days on the market. This is a great time to buy in Port Moody.


LANGLEY

Langley detached homes are seeing increased listings in May 2024, up 26% compared to last May, with prices holding, up 1% compared to the same period. Sales volumes are up 6% this month compared to last year, and homes are moving quickly.

SOURCE: All data from Greater Vancouver REALTORS

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