Home Sales Decline
Friday, November 14, 2008 09:06 AMPrince George, B.C.- The BC Real Estate Association says the global financial crisis has hit the real estate market in this province. Sales value declined 54 per cent to $1.69 billion in October, compared to October 2007. Residential unit sales were down 51 per cent to 4,018 units during the same period. The average MLS® residential price in the province was $420,259, down 6.5 per cent from October 2007.
Residential sales in October were the lowest they've been since December of 2000. The BC Real Estate Association says home sales are unlikely to fall much further.
posted by Colin @ 10:32 AM
0 Comments:
Post a Comment
<< Home