Fraser Valley Housing Market – October 2023

By |2023-11-03T17:00:04+00:00November 3rd, 2023|Market Updates|

Fraser Valley real estate market weakens as sales and prices continue to edge downward SURREY, BC — Property sales and new listings in the Fraser Valley fell again in October as consumers continued to put home buying and selling decisions on hold in the face of elevated interest rates. The Fraser Valley Real Estate Board [...]

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Fraser Valley Housing Market – September 2023

By |2023-10-06T21:57:16+00:00October 6th, 2023|Market Updates|

Fraser Valley market balanced, as demand softens and prices edge lower SURREY, BC – Continued slowing sales and a healthy rise in new listings in September has brought the Fraser Valley housing market into balance. Three months of declining sales has seen Benchmark prices dip for a second straight month. The Fraser Valley Real Estate Board [...]

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Fraser Valley Housing Market – August 2023

By |2023-09-11T17:38:24+00:00September 11th, 2023|Market Updates|

Fraser Valley real estate sales dip in August; prices hold steady SURREY, BC — A combination of seasonal trends and cautious anticipation of the next rate announcement saw the Fraser Valley real estate market slow in August as sales fell slightly for the second month, after reaching a 15-month high in June. The Fraser Valley [...]

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Fraser Valley Housing Market – July 2023

By |2023-09-11T17:38:42+00:00September 11th, 2023|Market Updates|

Seasonality, interest rates temper sales in the Fraser Valley SURREY, BC — After five months of successive increases, real estate sales in the Fraser Valley dropped in response to a combination of continued rising interest rates and the summer sales cycle. The Fraser Valley Real Estate Board processed 1,368 sales in July on its Multiple Listing [...]

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Fraser Valley Housing Market – June 2023

By |2023-09-11T17:39:15+00:00September 11th, 2023|Market Updates|

Low supply continues to impact home pricing in the Fraser Valley: Sales increasing despite rate hikes SURREY, BC – The Fraser Valley real estate market saw strong sales activity in June with levels on par with the 10-year average for the month, amid on-going challenges with supply. In June, the Fraser Valley Real Estate Board (FVREB) [...]

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Fraser Valley Housing Market – May 2023

By |2023-06-05T22:53:15+00:00June 5th, 2023|Market Updates|

Delayed spring activity boosts supply of property listings in the Fraser Valley SURREY, BC — The Fraser Valley real estate market saw an injection of supply in May as new listings surged by more than 40 per cent over April. At 3,533, new listings were just below May 2022 levels (3,631) but slightly higher (2.7 per [...]

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Fraser Valley Housing Market – April 2023

By |2023-05-03T22:47:00+00:00May 3rd, 2023|Market Updates|

Spring sales hold steady in Fraser Valley real estate market SURREY, BC — Despite persistent inventory shortfalls, housing sales in the Fraser Valley remained steady in April as buyers took advantage of the continued pause in interest rate hikes. In April, the Fraser Valley Real Estate Board (FVREB) processed 1,554 sales on its Multiple Listing Service® [...]

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Fraser Valley Housing Market – March 2023

By |2023-09-11T17:39:34+00:00April 5th, 2023|Market Updates|

Momentum continues to build in the Fraser Valley real estate market SURREY, BC — March 2023 saw the second consecutive month of growth in sales in the Fraser Valley, and although still below seasonal norms, the trend is an encouraging sign that the region continues to head towards increased market stability. At 1,550, property sales posted [...]

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Fraser Valley Housing Market – February 2023

By |2023-09-11T17:39:50+00:00March 3rd, 2023|Uncategorized|

Signs of stability in Fraser Valley create opportunities for home buyers and sellers SURREY, BC — House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October. The Fraser Valley [...]

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Fraser Valley Housing Market – January 2023

By |2023-09-11T17:40:08+00:00February 3rd, 2023|Market Updates|

Fraser Valley real estate sales record slowest annual start in ten years; January new listings lowest in over thirty years SURREY, BC — The downward trend in Fraser Valley real estate sales continued in January as further interest rate hikes kept buyers sidelined. With 626 transactions processed on the MLS®, sales were off by 12.6 per [...]

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