Vancouver home sales for May up one per cent from a year ago, board says

VANCOUVER – The Real Estate Board of Greater Vancouver says sales for May were up one per cent from a year ago.

The board says sales on the Multiple Listing Service in the Vancouver region totalled 2,882, up from 2,853 a year ago and 2,627 sales in April this year.

The gain in sales came as the MLS Home Price Index composite benchmark price slipped 4.3 per cent from a year ago to $598,400 for Greater Vancouver.

The index is up 1.8 per cent compared with January.

New listings totalled 5,656 in May, down 18.3 per cent from 6,927 new a year ago and down 3.7 per cent from the 5,876 new listings in April.

The total number of properties currently listed for sale in Greater Vancouver was 17,222, down 3.4 per cent from a year ago and a 2.9 per cent increase compared with April 2013.