Home sales in Metro Vancouver fell 9.8% in February from last year, with 1,648 properties sold, 28.7% below the 10-year average. New listings dropped 6.4%, mainly in apartments, but total active listings rose 6.3%, 37% above the 10-year average. Benchmark prices declined moderately: overall by 6.8%, detached homes by 8.8%, apartments by 6.8%, and townhouses by 5.6%. The sales-to-active listings ratio was 12.6%, indicating a balanced market. The spring market will test demand and price stability.
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