Home prices and sales across B.C. to recover in 2020
Average sale price decline seen in 2019 will flatten or even reverse in some areas next year, predicts B.C. Real Estate Association
With the decline of the average B.C. home sale price seeming to flatten out in the latest monthly figures, the B.C. Real Estate Association is now forecasting that the average sale price over the year will be $697,000, down 2.2 per cent compared with 2018.
As consumer demand recovers, the average sale price of a home across the province will then rise 4.2 per cent year over year in 2020, to $726,000, the association predicted June 18.
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