Greater Vancouver's real estate market is showing signs of decline, with composite home prices falling for the third consecutive month. In August, the benchmark price dropped 0.1% to CA$1,195,900, marking a 0.9% decrease over the past year. Home sales were 26% below the 10-year average, with only 1,891 transactions recorded. Inventory levels are rising, with new listings up 4.4%, leading to a weaker market balance. The sales to new listings ratio fell to 46.1%, indicating a potential shift towards a buyer's market.
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