August Market Update
Posted on Aug 01, 2022
Sales are down 20% from last month, and 50% since last year, BUT the number of active listings is much higher than 12 months ago, bringing the market much closer to something resembling balance. Buyers finally have homes to choose from! For those considering stepping up in the market it may be a good time to explore their options - higher priced ho...
July Market Update
Posted on Jul 01, 2022
Sales drop and prices soften as mortgage rates and lower demand bring balance back to the Fraser Valley housing market. Although prices continue to adjust, some segments of the market are still 20 percent higher than what we were seeing a year ago. With five-year fixed rates at their highest levels in a decade, we expect to see sales continue to co...
June Market Update
Posted on Jun 01, 2022
June Market Update: Prices soften as market cools from record highs.
"Since March, we’ve seen sales come down with an accompanying increase in inventory, subsequently restoring much-needed balance and cooling our heated market, While still early, it suggests that as we gradually settle into a post-pandemic state of work and life, the big pandemic-er...
May Market Update
Posted on May 01, 2022
April market stats indicate great news for buyers and those who are still searching after many months. With sales below the ten year average for the first time in years, we are seeing more balance return to the market
Inventory has increased, and sales have decreased by a third since last month. Homes of all kinds are still selling, but prepare to w...
Inventory has increased, and sales have decreased by a third since last month. Homes of all kinds are still selling, but prepare to w...
April Market Update
Posted on Apr 01, 2022
More homes on the market means good things for buyers! ?
? March saw new listings and inventory continue to climb, giving buyers more options than they've had in a long time!
? Sales remain strong, and benchmark prices are still increasing, but we are seeing fewer multiple offer situations - which is great news for buyers.
?️ What remains to be seen i...
Market Update
Posted on Mar 01, 2022
New listings increase by 75% as February brings more inventory to the Fraser Valley market!
The balanced market we are looking for has not yet arrived, but we are hopeful that inventory will continue to trend upward. Although supply issues continue to place pressure on prices, spring may provide a larger volume of listings and with it opportunitie...