Real estate sales picked up and sliding prices levelled off across Metro Vancouver last month, according to the Real Estate Board of Greater Vancouver (REBGB).
The organization released its October sales data Monday, which showed a 45 per cent jump in sales from the same month last year and a 22.5 per cent jump from September.
It marked a fourth consecutive month that residential real estate activity increased in Metro Vancouver, and sales volume was 9.8 per cent above the 10-year October sales average.
Inventory, which has been piling up over the year-long real estate slump, has also begun to thin out.
The REBGV said the total number of homes listed on the MLS system was down 5.8 per cent from October 2018, and down nine per cent from September.
Home prices around the region still showed a year-over-year drop, but held virtually flat from September after more than a year of month-to-month declines.
The benchmark price for a detached home across the Lower Mainland was $1,410,500, down 7.5 per cent from October 2018, but up 0.3 per cent from September.
The benchmark price of an apartment across the region was $652,500, down 5.9 per cent from October 2018, but up 0.2 per cent from September.