"Inventory is stacking up": Realtors turn down clients as Vancouver home sales lowest since 2020

Real estate experts say there is another indication that the real estate market in Greater Vancouver is changing.

Vancouver realtor and investor, Steve Saretsky, says the market is becoming so saturated that realtors are turning down listings.

"The inventory is stacking up, it's not selling," he said.

"Which is to say, there are a lot of realtors out there working for free."

Home sales in Greater Vancouver are at their lowest since 2020 and Saretsky said sellers' expectations in a buyers' market are not always aligned with reality.

This means that listings that may have sold fast and over the asking price now might take more resources and time to close the deal -- if at all.