US Pending Home Sales Bounce Back After Slumping in January
Pending sales of previously-owned homes in the US recovered last month after declining at the start of the year, adding to evidence that the housing market is gradually improving.
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Pending sales of previously-owned homes in the US recovered last month after declining at the start of the year, adding to evidence that the housing market is gradually improving.
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May 3, 2022
The Canadian Press
VANCOUVER - The Real Estate Board of Greater Vancouver says home sales in the region fell in April and returned to more historically typical levels for the month.
The board says residential home sales in the region totalled 3,232 in April, down from 4,908 in April 2021 and 4,344 homes in March 2022.
The April sales were 1.5 per cent above the 10-year sales average for the month.
REBGV chair Daniel John says the return to a more traditional pace of home sales over the last two months provides hopeful homebuyers more time to make decisions, secure financing and perform other due diligence such as home inspections.
The board says there were 6,107 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service in Metro Vancouver in April, down 23.1 per cent compared with April 2021 and down 8.5 per cent compared with March 2022.
The sales came as the MLS home price index composite benchmark price for all residential properties in Metro Vancouver was $1,374,500, up 18.9 per cent over April 2021 and a one per cent increase compared with March this year.