Is Vancouver Real Estate Entering a Buyer’s Market?

Vancouver home sales ↓ 18.5% yearly in May to 2,228 transactions.

May sales were ↓ 30.5% below the 10-year seasonal avg.

New listings ↑ 3.9% to 6,620 in May, ↑ 9.3% above the 10-year avg.

Total active listings hit 17,094, ↑ 25.7% yearly — the healthiest inventory in years.

Avg days on market increased, with detached homes taking 32 days to sell, up from 26.