Fraser Valley Market January 2025 Update - Growing Inventory Creates Buyer Opportunities The Fraser Valley real estate market is seeing a shift, with inventory levels reaching a 10-year seasonal high. A surge in new listings—up 167% from December to January—has increased available options for buyers. However, sales activity remains slow, with 818 properties sold in [...]
Fraser Valley Market December 2024 Update: in Review The Fraser Valley real estate market in 2024 saw a mix of record-high listings and subdued sales, reflecting ongoing affordability challenges. With 35,698 new listings, a 10-year high, sellers remained active, but annual sales reached a 10-year low at 14,570—a decline of 24% below the 10-year average. [...]
Fraser Valley home sales returning to seasonal norms in November after October surge SURREY, BC — Following a healthy boost in sales in October, Fraser Valley home sales dropped in November as slower seasonal buying trends set in amid balanced market conditions. The Fraser Valley Real Estate Board recorded 1,136 sales in November, down 15 per [...]
Rising home sales a sign of market shift in the Fraser Valley? SURREY, BC — Home sales in the Fraser Valley increased for the first time in five months following a sizable interest rate cut by the Bank of Canada in October. The Fraser Valley Real Estate Board recorded 1,330 sales in October, up 35 per [...]
Sluggish sales and rising inventories see Fraser Valley moving toward a buyer’s market SURREY, BC — With active inventories hitting levels not seen in 10 years and sales 30 per cent below the 10-year average, Fraser Valley real estate is building towards a buyer’s market if sales continue to lag. The Fraser Valley Real Estate Board [...]
Two rate cuts not enough to ignite summer home sales in the Fraser Valley SURREY, BC — The Fraser Valley residential resale market slowed again in August, as homebuyers continue to face affordability challenges. The Fraser Valley Real Estate Board recorded 1,067 sales in August, down by 13 per cent over last month and by 30 [...]
Cool summer market persists in Fraser Valley with second slowest July sales in a decade SURREY, BC — Sluggish seasonally-adjusted sales and a continued rise in inventory has the Fraser Valley market slowly shifting to favour buyers. The Fraser Valley Real Estate Board recorded 1,230 sales in July, down by seven per cent over last month [...]
Fraser Valley home sales fall despite Bank of Canada rate cut SURREY, BC — The policy rate cut of 25 basis points by the Bank of Canada on June 5 was not enough to rally home sales in the Fraser Valley last month. The Fraser Valley Real Estate Board recorded 1,317 sales in June, down [...]
Spring inventory continues to build in the Fraser Valley to levels not seen in nearly five years SURREY, BC — Slower seasonal sales helped build inventory to its highest level since September 2019 in the Fraser Valley in May, creating more balanced market conditions for home buyers and sellers. The increase in supply over the past [...]
Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather SURREY, BC — Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April. The Fraser Valley Real Estate Board recorded 1,471 transactions [...]
