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 [...]
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® [...]
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 [...]
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 [...]
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 [...]
Fraser Valley real estate market 2022 — highs, lows, and a return to balance SURREY, BC — In a year that saw prices peak early on, feeding off the momentum of record-breaking sales in 2021, the Fraser Valley real estate market came back down to earth by the close of 2022, due largely to interest rate [...]
New listings lag as Fraser Valley real estate market sees third month of declining sales SURREY, BC — With sales down almost seven per cent from October, and new listings off by more than 20 per cent, the Fraser Valley housing market continues its slowing trend heading into the holiday season. Despite the market slowdown, opportunities [...]
Housing prices remain soft, sales flat, throughout the Fraser Valley SURREY, BC — Fraser Valley housing market sales for October remained relatively unchanged from last month as prices dipped slightly across all categories. In October, the Fraser Valley Real Estate Board (FVREB) processed 901 sales on its Multiple Listing Service® (MLS®), an increase of 0.4 per [...]
Fraser Valley real estate market continues to stabilize heading into fall season SURREY, BC — Continued slowing sales and a slight rise in inventory in September combined to bring greater stability to the Fraser Valley housing market. In September, the Fraser Valley Real Estate Board (FVREB) processed 897 sales on its Multiple Listing Service® (MLS®), [...]
Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises SURREY, BC — Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales [...]
