Greater Vancouver home sales rose 31.2 per cent on a year-over-year basis in December, capping a 91裸聊视频減ivot year91裸聊视频� for the market that saw the number of homes changing hands in the region tick higher.

The region91裸聊视频檚 1,765 home sales last month were still 14.9 per cent below the 10-year seasonal average for December, Greater Vancouver Realtors said Friday.

The real estate board said there were 1,676 newly listed properties, up 26.3 per cent from December 2023.

The composite benchmark price was $1,171,500, up 0.5 per cent from a year earlier and 0.1 per cent below November91裸聊视频檚 level.

91裸聊视频淎lthough sales activity had a slower start to the year, price trends began 2024 on the rise and closed out the year on a flatter trajectory,91裸聊视频� Andrew Lis, the board91裸聊视频檚 director of economics and data analytics, said in a press release.

91裸聊视频淲ith the data showing renewed strength to finish the year, however, it looks as though the 2025 market is positioned to be considerably more active than we91裸聊视频檝e seen in recent years.91裸聊视频�

Earlier this week, B.C.91裸聊视频檚 latest property assessments showed values were generally flat compared to the previous year.

BC Assessment said prices only fluctuated within a range of plus or minus three per cent in most communities, including major urban areas such as Vancouver, Victoria and Kelowna.

Average residential prices in Vancouver were down 0.8 per cent. Average residential valuations dropped by two per cent in Victoria, and 2.9 per cent in Kelowna.

The assessments reflected market conditions on July 1, 2024.

Overall, Vancouver-area home sales throughout 2024 rose 1.2 per cent from the previous year, but the 26,561 total transactions were still 20.9 per cent below the 10-year annual sales average, according to the real estate board.

There were 60,388 properties listed in Metro Vancouver in 2024, representing an 18.7 per cent increase compared with 2023 and 5.7 per cent above the region91裸聊视频檚 10-year annual average.

The board said there are currently 10,948 homes listed for sale in the region, a 24.4 per cent increase compared with December 2024 and around one-quarter above the 10-year seasonal average.

91裸聊视频淟ooking back on 2024, it could best be described as a pivot year for the market after experiencing such dramatic increases in mortgage rates in the preceding years,91裸聊视频� said Lis.

91裸聊视频淲ith borrowing costs now firmly on the decline, buyers have started to show up in numbers after somewhat of a hiatus 91裸聊视频� and this renewed strength is now clearly visible in the more recent monthly data.91裸聊视频�