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 Greater Valley is 36% which officially makes it a seller’s market.
Reasons why:
SALES– Total sales last month were 815, which is 35% less year over year & 5% less month over month.
SALES PRICE– The median sale price was $699,000 which is a 13% increase over this time last year and a 3% decrease 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 2,254 active listings last month which is a 1% decrease over this time last year and an 9% decrease month over month.
