Sellers take note… It’s a Buyer’s Market for detached (Houses) in the Fraser Valley for July 2024. Stat’s are showing a Sales-to-Actives ratio of 11.5% - indicating for every 100 homes listed, only 11.5 homes are selling. (Anything under 12% is considered a Buyer’s market).
With plenty of inventory, Sellers are having to compete for those qualified Buyers. And Buyers are being selective! The types of homes selling are those that are stand-outs - usually in tip-top condition and/or competitively priced.
More info here: https://www.fvreb.bc.ca/statistics/cool-summer-market-persists-in-fraser-valley-with-second-slowest-july-sales-in-a-decade/
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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