The Metro Vancouver housing market saw an increase in activity in May, with sales and new listings reaching levels not seen in at least a year. Sales totaled 5,038, which was 20% higher than April's and 19% higher than one year ago, yet still 2% lower than the past 10-year average. New listings activity also increased, with 9,101 new listings posted in the Vancouver Region, which was 39% higher than April and 0.5% below the long-run May average. Despite this, inventory remains 14% below last year's level, 26% below the past-10-year May average
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