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Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises
September 3, 2022
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 has also seen benchmark prices return to levels not seen since last ...
Continue ReadingSales slide for fourth straight month as rising interest rates put brakes on Fraser Valley real estate market
August 3, 2022
SURREY, BC – 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. In July, the Fraser Valley Real Estate Board (FVREB) processed 993 sales on its Multiple Listing ...
Continue ReadingFraser Valley housing market continues to cool amid slower sales, softer prices
July 5, 2022
SURREY, BC – Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market. In June, the Board processed 1,281 sales on its Multiple Listing Service® (MLS®), a decrease ...
Continue ReadingHome prices soften as Fraser Valley housing market cools amid lower sales and higher inventory
June 3, 2022
SURREY, BC – As property sales continue to fall in the Fraser Valley and active listings continue to grow, the region is edging towards more balanced levels not seen since the pre-pandemic period. Sales of all property types in May were 1,360, down 16.9 per cent from April’s ...
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