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.

Copyright British Columbia Real Estate Association. Reprinted with permission.