The Vancouver housing market continued to pick up steam in July following a strong bounce in June. There’s truth to the pent-up demand story as buyers who normally would have pulled the trigger in the spring were pushed into the summer thanks to COVID. In fact, July was the busiest month of the year for home sales in 2020. It was also the busiest month so far for new listings. Realtors were run off their feet in July, in what is normally a slower time of the year. So yes, the spring market came unnaturally late this year, making it difficult to predict if this demand is sustainable as we move forward into the last part of 2020.
Steve is a regular speaker at industry events, hosts an online video series ‘The Saretsky Show’, and authors the popular “Saretsky Report” which is read by over 7000 subscribers.
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