December Sales Mark a Strong Final Quarter of 2024
Vancouver, BC – January 13, 2025. The British Columbia Real Estate Association (BCREA) reports that 4,484 residential unit sales were recorded in Multiple Listing Service (MLS) Systems in December 2024, up 24.7 per cent from December 2023. The average MLS residential price in BC in December 2024 was up 5.6 per cent at $1,013,556 compared to $960,057 in December 2023.
The total sales dollar volume was $4.5 billion, a 31.7 per cent increase from the same time the previous year. BC MLS unit sales were 15 per cent lower than the ten-year December average.
“Home sales closed the year on a much stronger note than in 2023,” said BCREA Chief Economist Brendon Ogmundson. “A stronger finish to 2024 pushed home sales just above last year’s total, setting up a strong hand-off to 2025.”
For all of 2024, BC residential sales dollar volume was up 3.2 per cent to $73.1 billion, compared with year-end 2023. Residential unit sales were up 2.1 per cent year-over-year at 74,434 units, while the average MLS® residential price was also up 1.1 per cent to an average of $982,326 for 2024.
Source: BCREA
