Metro Vancouver’s April real estate numbers point to a red-hot housing market that’s having trouble keeping up with demand.

The Real Estate Board of Greater Vancouver said there were 4,179 residential property sales in the region last month, representing a whopping 37 per cent increase over April 2014.

Meanwhile, the number of property listings dropped 20 per cent over the same period.

“The supply of homes for sale today in the region is not meeting the demand we’re seeing,” board president Darcy McLeod said in a statement.

“This is putting upward pressure on prices, particularly in the detached home market.”

The benchmark price for all residential properties in Metro Vancouver was $673,000, an 8.5 per cent increase over last year.

Detached properties had a benchmark price of $1.07 million, while apartments were $394,000.

There was some good news for buyers, however.

Despite soaring sales both Metro Vancouver and the Fraser Valley last month, excessive inventory in areas like the Township of Langley’s Willoughby community has actually seen some prices drop.

Solon Bucholtz of Royal Lepage said condos that would have cost around $300,000 before tax a couple years ago are now being offered at $275,000 – taxes included.

“I’ve been licensed for eight years, I haven’t seen prices this low for condominiums in the Langley area,” Bucholtz said.