Home sales in British Columbia were up 9.9% in September, with real estate agents selling 8,340 units.

The average price of homes sold through the MLS system was up 18.5% year-over-year to $693,774, the British Columbia Real Estate Association reported Thursday.

"BC home sales rose nearly 5 per cent from August on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist.

He added that prices continue to rise and affordability is eroded by active listings at a 10-year lows in most parts of the province.

Residential unit sales declined 13% to 81,608 units year-to-date while the average price was down 0.2% to $705,501.
 

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