Property sales strengthen in current market cycle
April 6, 2009 – 2:28 pmVANCOUVER, B.C. ? April 2, 2009 ? The Metro Vancouver housing market experienced a movement away from volatility and toward stability to start the spring season.
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Home sales in March 2009 returned to levels witnessed at the beginning of the decade, with 2,265 sales recorded across Metro Vancouver for the month, a 53 per cent increase over February but a 24.4 per cent decrease over March 2008, when 2,997 sales were recorded.
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Since 1999, March sales have increased 31 per cent, on average, over the month of February. March 2009 marks the second consecutive month that sales have outperformed the ten-year average for this month-over-month comparison.
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