While home sales are not expected to repeat this year’s record performance, consumer demand is expected to remain well above the ten-year average [next year].
The market speed for The Fraser Valley is 30% which officially makes it a seller’s market.
Reasons why:
SALES– Total sales last month were 1,111, which is 29% less year over year & 14% less month over month.
SALES PRICE– The median sale price was $586,000 which is a 18% increase over this time last year and no change over the previous month.
FIND OUT YOUR MARKET SPEED– Learn the official market speed in your neighbourhood and price point by requesting a free Fraser Valley snap stats report from us!
ACTIVE LISTINGS– There were 3,692 active listings last month which is a 1% decrease over this time last year and an 10% decrease month over month.
DAYS ON THE MARKET– A property was on the market for 25 days before selling which is 4% less than one year ago and 32% more than the previous month.
