Buyers Gaining Upper Hand in Fraser Valley Real Estate Market Surrey, BC – Market Conditions Favor Buyers as Inventory Grows For the first time in four months, home sales in the Fraser Valley have increased, as buyers take advantage of a larger selection of homes and softening prices. The Fraser Va

Fraser Valley Real Estate: New Listings Surge to 10-Year High, but Affordability Remains a Challenge Surrey, BC – A Market in Flux The Fraser Valley real estate market saw a record-breaking number of new listings in 2024, reaching a 10-year high of 35,698. However, despite an increase in available

The Fraser Valley real estate market closed out 2023 with some notable trends. The year ended with 14,713 sales, marking a four per cent decrease from 2022 and a significant 23 per cent drop from the 10-year average. This decline in sales was attributed to high interest rates, which also contributed

As the holiday season approaches, the Fraser Valley real estate market maintains its cooling trend, with both buyers and sellers observing a holding pattern that persisted throughout the latter half of the year. Key Highlights: Sales and Listings Overview:The Fraser Valley Real Estate Boa

Fraser Valley Real Estate Market Update – October 2023 In the midst of sustained high-interest rates, the Fraser Valley real estate market witnessed a consecutive decline in property sales and new listings throughout October. Consumers, adopting a cautious approach, deferred home buying and sell

In the evolving landscape of the Fraser Valley housing market, the month of September witnessed a notable shift towards equilibrium, with a convergence of slowing demand and a substantial uptick in new listings. This follows a three-month trend of declining sales, resulting in a second consecutive

In the dynamic landscape of the Fraser Valley real estate market, the month of August witnessed a subtle deceleration in sales, attributing the shift to seasonal patterns and a judicious pause in anticipation of the forthcoming rate announcement. After attaining a 15-month pinnacle in June, sales e

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 Service® (MLS®), a decre

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) processed 1,935 sales on its Multiple Listing Service® (MLS®), an incre

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 cent) than the ten-year average for the region. A welcome trend towards a

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® (MLS®), vi

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 on the FVREB’s Multiple Listings Se

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 Real Estate Board

SURREY, BC – The downward trend in Fraser Valley real estate sales continued in January as further interest ratehikes kept buyers sidelined.With 626 transactions processed on the MLS®, sales were off by 12.6 per cent compared to last month and downby 52.2 per cent compared to this time last year. T

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 increases designed to stave off inflation. The Fraser Valley Real Estat

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 marketslowdown, opportunities are available, as evidenced by brisk turnover time f

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 cent compared

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®), a decrease of 11.8 per cent compared

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 has also seen benchmark prices return to levels not seen since last year.

The Fraser Valley real estate market saw sales fall again in July in the face of continued interest rate hikes, as the government struggles to bring inflation under control. Statistics Package 2022-07 – Fraser Valley In July, the Fraser Valley Real Estate Board (FVREB) processed 993 s