BC Home Sales Continue on Upward Trend

The British Columbia Real Estate Association (BCREA) reports that BC home sales are continuing on an upward trend based on comparisons from last year. In June this year, residential home sales in BC were up 5.6% from June 2012, and the sales dollar volume was 11.9% higher at $3.84 billion. As well, the average MLS residential price in the province was up 6% from one year ago.

"BC homes sales rose 6.7% from May...with June being the fourth consecutive month of increasing sales activity...since February home sales across the province have climbed by 23%, on a seasonally adjusted basis," says Cameron Muir, BCREA Chief Economist. 

On a quarterly basis, MLS residential sales have climbed 15% in the second quarter, and the inventory of homes on the market has moved down 5%, creating improved market conditions in many areas. 

For more details, please see BCREA's press release here.