Vancouver housing market more balanced after spring and summer slowdown: board

The Real Estate Board of Greater Vancouver says a jump in new listings is helping to bring some balance back to the region's housing market.

The board says September sales totalled 1,926, a 13.2 per cent increase from the 1,701 sales recorded the same month last year. But the total was 26.3 per cent below the 10-year seasonal average of 2,614 and marked a 16.1 per cent drop from 2,296 sales in August.

The figures include multifamily and land sales, which the board says typically account for less than one to two per cent of those totals.

There were 5,446 new listings last month, a 28.4 per cent increase from a year earlier, as new listings were 5.2 per cent above the 10-year seasonal average.